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Economy

Eligible Calista Shareholders Could Receive $325 In Pandemic Relief

The Calista Corporation's headquarters in Anchorage. Calista CEO Andrew Guy and former board chair Wayne Don both plan to testify at a hearing on June 4, 2018.
Teresa Cotsirilos
/
KYUK

Calista Corporation shareholders will soon be able to apply for funds to cover financial harm caused by the pandemic.

In a statement, Calista said that the corporation expects to issue an application in October for shareholders to apply for the funding. Each of Calista’s 34,000 shareholders could be eligible for $325. Under federal regulation, the funds must be spent on direct pandemic relief. Shareholders of any age who are U.S. citizens can apply.

The Calista Corporation received $12.2 million in CARES Act Tribal Relief funds. The corporation is allocating $11.4 million to shareholder financial relief. It is dedicating $10,000 of the funds to donating 3,300 pounds of salmon to Yukon River families. The remaining funds will help cover the cost of the shareholder assistance program.

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