Calista Provides Elder Benefits ProgramCalista Corporation is please to announce that for the second consecutive year distribution checks have been authorized for Elder shareholders. Checks for $300 have been mailed out to over 1,500 individuals over 65 years old with original shares of Calista Corporation stock. Distributions are authorized under Section 7(r) of the Alaska Native Claims Settlement Act. Art Heckman, Chairman of the Calista Board, stated, “It is wonderful to provide for Elders during what can often be a financially stressful time of year. It is indicative of the financial strength and fiscal leadership of Calista that the corporation can do this.”
Checks should be arriving over the next few days, just before Christmas
The second largest of the original 13 Native corporations, Calista was established under the Alaska Native Claims Settlement Act of 1971 and represents over 13,000 shareholders. The Calista region encompasses over 6.5 million acres and includes 56 villages, which are incorporated into 46 individual village corporations.
Posted: December 21, 2009