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Carnival Corporation launches $1bn share buy back

Carnival Corporation launches $1bn share buy back

Carnival Corporation has announced that it has initiated repurchasing stock under its currently authorised $1 billion share repurchase program.

The company began repurchasing shares during its third fiscal quarter of 2015, has continued repurchasing shares during its fourth fiscal quarter of 2015 and intends to enter into a 10B-5 program to repurchase stock during its regularly scheduled close periods.

Carnival Corporation is the largest cruise company in the world, with a portfolio of ten cruise brands in North America, Europe, Australia and Asia, comprised of Carnival Cruise Line, Fathom, Holland America Line, Princess Cruises, Seabourn, AIDA Cruises, Costa Cruises, Cunard, P&O Cruises (Australia) and P&O Cruises (UK).

Together, these brands operate 99 ships totaling 216,000 lower berths with 18 new ships scheduled to be delivered between 2016 and 2022.
Carnival Corporation also operates Holland America Princess Alaska Tours, the leading tour companies in Alaska and the Canadian Yukon.

Traded on both the New York and London Stock Exchanges, Carnival Corporation is the only group in the world to be included in both the S&P500 and the FTSE 100 indices.