- Associated Press - Friday, October 24, 2014

BETHEL, Alaska (AP) - Calista Corp. plans to issue a first-ever investment fund dividend to shareholders next month, according to representatives of the regional Alaska Native corporation.

The money will come from the Akilista Fund, which was established in 1994 for developing future dividends, KYUK (http://is.gd/roCmNb) reported. Shareholders also receive regular dividends from Calista.

The first dividend from the investment fund totals $1.22 per share. For the average shareholder with 100 shares, that will work out to $122.

“This marks the first year it has met financial benchmarks that the board has set. This is the first dividend from the Akilista Fund,” Calista communications manager Thom Leonard said. “It’s very exciting. It’s the first time Calista will have two separate dividends in one year.”

The dividend checks are expected to be distributed in mid-November.

The fund must average a market value of $40 million before dividends can be issued to shareholders. According to the corporation’s annual report, the fund’s 2013 market value was listed at $53 million.

The total payout to shareholders between the coming dividend and the dividend issued in April equals a total of $6.27 million in dividends this year.

Calista is the Alaska Native corporation for the Bethel region. The corporation currently has more than 12,000 shareholders.

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Information from: KYUK-AM, http://www.kyuk.org

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