Stock Holder's Benefit

[DEL67]

I know that I get a $100 on board credit on Carnival for being a Carnival stock holder. Do I get one on Princess too since Carnival owns Princess?

[chrysalis]

no, they do not do that....

[West Coast]

no, they do not do that....

 

chrysalis, are you a Carnival Shareholder? If you are then you've been missing out...

 

To better answer the question DEL67 has asked, here is a quote from a previous post:

 

Carnival Corporation & plc is please to extend the following benefit for stockholders:

 

Onboard credit per stateroom on sailings of 14 days or longer - $250

Onboard credit per stateroom on sailings of 7 to 13 days - $100

Onboard credit per stateroom on sailings of 6 days or less - $50

 

This benefit is applicable on sailings through July 31, 2006 aboard the brands listed below. Certain restrictions apply.

This benefit is available to shareholders holding a minimum of 100 shares of Carnival Corporation or Carnival plc. Employees, travel agents cruising at travel agent rates, tour conductors, or anyone cruising on a reduced-rate or complimentary basis are excluded from this offer. This benefit is not transferable, not combinable with any other shipboard offer and cannot be used for casino credits/charges and gratuties charged to your onbard account. Only one onbard credit per shareholder occupied stateroom. Reservations must be made by February 28, 2006.

Please provide your name, reservation number, ship and sailing date, along with proof of ownership of Carnival Corporation or Carnival plc shares (i.e., photcopy of shareholder proxy card, shares certificate or a current brokerage or nominee statement) and the inital deposit to your travel agent or to the cruise line you have selected.

 

North American Brands:

Carnival

Princess

Holland America / Windstar

Cunard* / Seabourn

 

UK Brands:

P & O

Ocean Village

Swan Hellenic

Cunard*

 

Continential European Brands

Costa Cruises*

Aida Das Clubschiff

 

Australian Brand

P & O cruises Australia

 

*The onboard credit for Cunard and Costa Cruises is determined based on the operational currency onboard the vessel.

 

Also, each 'division' of CCL has their own contact person.

 

So, for Princess, direct your request to:

 

Liza McDaniel, Yield Management

Tel: (661) 753-0305

Fax: (661) 753-0180

[chrysalis]

West Coast, thanks for that...news to me, but I did note in your post that the offer was not combinable with any other shipboard offer so that would exclude its use with shipboard credits obtained by future bookings made on board.

 

Thanks again for bring me up-to-date on this.

[zydecocruiser]

I know that I get a $100 on board credit on Carnival for being a Carnival stock holder. Do I get one on Princess too since Carnival owns Princess?

 

I did. :D

[Bru92]

I know that I get a $100 on board credit on Carnival for being a Carnival stock holder. Do I get one on Princess too since Carnival owns Princess?

 

You sure do. I did.

 

Submit your proof of ownership along with your booking number as indicated in the annual report.

 

Mike

[catlvr14]

I had this happen to me the other day. I have a booking that was booked as a future cruise, so I got shipboard credit for that. I faxed my stockholder info to Princess only to be told I couldn't have the credit because there was already shipboard credit on my booking. So, either I will never do a future booking, or never get to use my stockholder benefit, or I will cruise more with Celebrity, who has no such restictions and will give you as much shipboard credit as you are entitled to.

I think Princess needs to change this policy. It's pennies to them considering the mark-up on things you purchase on your cruise account.

[spacetraveler]

catlvr14, Celebrity / RCCL has the same July 31, 2006 deadline for shipboard credits. After that date, everyone is equal, i.e., no more credits for shareholders.

[zydecocruiser]

The shareholders credit offer is typically renewed every year.

[spacetraveler]

I own both Carnival and RCCL stocks for many years. I only received once from both companies extending the deadline to July 31, 2006. If both companies "typically renewed every year", should they have sent the letter to shareholders by now? July 31, 2006 will be here very soon. I am wondering if my letters from both companies are lost in the mail. Have you received any future extension letter?

[West Coast]

I own both Carnival and RCCL stocks for many years. I only received once from both companies extending the deadline to July 31, 2006. If both companies "typically renewed every year", should they have sent the letter to shareholders by now? July 31, 2006 will be here very soon. I am wondering if my letters from both companies are lost in the mail. Have you received any future extension letter?

 

As this is a 'benefit' to the shareholders, it must be 'renewed' each year, and is typically done so at the time of the AGM.

[nho9504]

HOWEVER, you get the higher amount of the two.

 

i.e. if your shareholder credit is $250 for the 14day and up, and you also get a shipboard credit from your agent for $100, then you still get a maximum credit of $250, even if they already issued you the $100 shipboard credit from the agent. That is being explained to me last time when we have $100 from agent and also qualified for $100 shareholder credit on a 10 day sailing - so we ended up just using the agent credit as that was already issued.

 

the future sailing booking credit would work best when you sail 10 days or more as it is $175 for inside, but shareholder is only $100 between 7 to 13 days. 14 days you use shareholder credit as future booking credit remains at $175 and then go to $250 on 16 days. I am using inside cabin, outside cabin is $50 more on each category.

 

I think they should keep the days for both types the same versus in current structure that the onboard booking credit works better when most of our sailings are 10 days. I believe only Panama crossing and Transatlantic (may be asia/australia/new zealand) would be 14 days and up.

 

I dont keep CCL on my account - I only buy them when I can use shareholder credit and I immediately write deep in money cover call on it so to prevent any possible loss from owning the shares should the price go down a lot. (It happened on me once on RCCL, share price went down 15% during our Panama crossing, but recovered when we got back - I had covered call protection so I couldnot care less - commission is dirt cheap, $1 for 1 contract).

[montgomeryfamily]

nho9504, could you explain what you mean in your last paragraph?

[newenglandcruiser]

Do you have to own the stock through your cruise? When do they credit your account?

 

Thanks,

 

Sandie

[donna5]

I own both Carnival and RCCL stocks for many years. I only received once from both companies extending the deadline to July 31, 2006. If both companies "typically renewed every year", should they have sent the letter to shareholders by now? July 31, 2006 will be here very soon. I am wondering if my letters from both companies are lost in the mail. Have you received any future extension letter?

 

 

It is in the share holders report. We have never been sent just a letter stating it was available. The shareholders reports are available to read online.

[SPI_Rick]

You have to own the shares at the time that you are requesting the credit. You will request the credit after you have already booked the cruise, but not yet taken it. You will provide the information mentioned in the earlier post by West Coast and send it with proof of ownership to Princess's Yield Management contact. You are issued the shipboard credit prior to your cruise. Once your credit for the cruise has been issued you could sell your shares.....actually, once you have requested the credit you could sell. They only require the most recent brokerage statement as proof of ownership at the time you make the initial request, so you could sell 10 minutes after you put the request for credit in the mail.

 

........but if you buy and sell routinely just to get a shipboard credit, I think the only real winner will be your stock broker.