CCL Holder Experience

[alwaysfrantic]

I mailed the requested information Saturday from the east coast and had an email confirmation from Seattle today. Easy-Peasy. I worried about not emailing it, but it worked quickly and efficiently. Good job, HAL.

[Krazy Kruizers]

Glad you are getting your shipboard credit.

We let our TA handle those details.

[Thebes]

Nice. Us that your shareholder credit ?

[alwaysfrantic]

Yes, the shareholder credit.

[Straitaway]

I faxed mine in and had confirmation within 8 hours.

[ginger and professor]

I agree with faxing. The reply is usually very quick and you can print a hard copy just in case there is a mix up.

[YubaSutter]

I generally fax mine in the morning and its applied that same day. Even easier than mail.

[Gail & Marty sailing away]

It is great perk to get ..if you cruise a lot ..

[ScriptOhio]

The procedure is outlined on Carnival's Annual Report.

 

go to this site and click on "click here to view shareholder benefits":

 

http://phx.corporate-ir.net/phoenix.zhtml?c=140690&p=irol-sharebenefit

[KirkNC]

It is great perk to get ..if you cruise a lot ..

 

We have received several thousand dollars in credits. Soon we will own the stock with $0 basis due to the credits.

[RuthC]

Soon we will own the stock with $0 basis due to the credits.

What? :eek: Hold the phone, here. Are you saying that the on-board stockholder credit impacts the stock basis when it comes to calculating capital gains? :confused:

[TiogaCruiser]

What? :eek: Hold the phone, here. Are you saying that the on-board stockholder credit impacts the stock basis when it comes to calculating capital gains? :confused:

 

I took that to mean they had used it enough to cover the initial investment.

[whogo]

Any accountants, IRS employees or former IRS employees want to weigh in on the tax ramifications of CCL shareholder benefit?

[ScriptOhio]

I took that to mean they had used it enough to cover the initial investment.

 

I bought 100 shares back in 2004 for $4,086.00 (i.e. $40.86 per share). The stock value has gone down a little since then; however, so far, I have gotten $5,725.00 in shipboard credits and still have more CCL cruises to take. And that doesn't count the quarterly dividends. So in our case, even though the stock price has gone down (hopefully only temporarily), it still has been a VERY good investment too.

 

Note: CCL shareholder benefits (i.e. the shipboard credit) are combinable with other cruise line promotions and are even good for charter cruises. Royal Caribbean's shareholder benefits are not.

[RuthC]

I took that to mean they had used it enough to cover the initial investment.

I hope that's what was meant. It's not the same as bringing the basis down to zero, but a misspoken statement is better than a real basis reduction

[SeaBands]

Too bad I paid $48. but obcs have more than made up for that as well as $100 a year in dividends.