Calista Corporation Provides First-Ever Investment Fund Dividend
Akilista Fund Established To Provide Perpetual Dividends
(Anchorage, Alaska) – Calista Corporation’s Board of Directors this week approved the first-ever Akilista Fund dividend. The total distribution is $1.62 million. This investment fund distribution supplements dividends based on Calista’s operations. Including Calista’s operational dividend mailed in April 2014, the total dividends for the year is $6.27 million.
At 12,900 individuals, Calista has one of the largest populations of Shareholders among the Alaska Native Corporations. This Akilista Fund distribution equates to $1.22 per share. Checks are expected to be mailed out by the close of business Friday, November 14.
“Calista’s Board of Directors established this investment fund to provide a perpetual and sustainable source of dividends for our Shareholders,” said Calista Corporation Board Chair Willie Kasayulie. “The Board and Calista management made a specific goal to provide Shareholders with two dividends per year.”
In early October 2014, Alaska Business Monthly’s annual Top 49ers luncheon recognized Calista as the eighth largest Alaskan-owned business based on revenues. Since inception, Calista has provided more than $26.2 million in dividends including this distribution.
The second largest of the original 13 Alaska Native Corporations, Calista Corporation was established under the Alaska Native Claims Settlement Act of 1971 and represents approximately 12,900 Shareholders. The Calista region encompasses more than 6.5 million acres and includes 56 villages, which are incorporated into 46 individual village corporations. Since 1994, Calista has provided more than $3.5 million in scholarships and since inception more than $29.2 million in dividends and Elders’ Benefit Program distributions to its Shareholders and Descendants.
Calista Corporation is the parent company of more than 35 subsidiaries in the following industries: military defense contracting, construction, communications, real estate, environmental and natural resource development, and information technology and media services. Calista can be found on Facebook and Twitter.