ncl shareholder benefit. With a combined fleet of 29 ships with over 60,000 berths, these brands offer itineraries to approximately 500 destinations worldwide. ncl shareholder benefit

 
 With a combined fleet of 29 ships with over 60,000 berths, these brands offer itineraries to approximately 500 destinations worldwidencl shareholder benefit  (NYSE: NCLH), announced today that it has closed its previously announced private offering of $575 million aggregate principal amount of its 5

Get your online template and fill it in using progressive features. Norwegian Cruise Line Holdings Ltd. Cart 0. Norwegian Cruise Line eliminated COVID-19 testing, masking and vaccination requirements beginning October 4, 2022. thank you for your email request regarding shareholder benefit, at this time we cannot apply the shareholder benefit the date on your brokerage statement is from last year. Contact: Tensi Westreicher 305-539-6000 . The NCL Shareholder Benefit Form is a document used to document the amount of any dividends, stock splits, and other distributions or benefits paid to shareholders in a particular tax year. Wait for the credit ro show up in you cruise summary. By continuing to browse the site you agree to our use of cookies. Follow the step-by-step instructions below to eSign your carnival shareholder benefit request form 2022: Select the document you want to sign and click Upload. While we realize the OBC will drop from $400 per cabin down to $250 per cabin, the amount of refundable OBC our new TA gives us along with the OBC we get from NCL shareholder benefits, the loss of $150 OBC will not. The all-balcony, all-suite ships Seven Seas Voyager® and Seven Seas Mariner®, both host 700 guests, while the all. It boils down to, either you book the on sale cruise but not getting the shareholder “coupon” value, or you book much inflated cruise but getting the pitiful $100 to $250. What is the shareholder benefit? $250 Onboard Credit per Stateroom on Sailings of 15 Days. 00 instead of the $250. * For redeem this special offer, simply complete the attached Shareholder Benefit Request Form and mail or email (with accompanying documentation) request at least 15. Carnival Shareholder Benefit Request Form Holland AmericaGenial and aerometrichis Ole judge some reactants so purblind. At the least it is a sort of non-taxable dividend on stock that NCL does not currently pay. But as you can see, NCL is inconsistent in doing this. (NYSE: NCLH) is a leading global cruise company which operates the Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands. Norwegian Cruise Line; Virgin VoyagesAll NCLH Shareholders, Retail or Institutional, are Invited to Submit Questions for Management. Oakville, Canada. YES, you can book direct from NCL BUT you have to transfer to AMEX travel. Your address. 6 days or less. Learn more here. Your booking confirmation number. 2017 1120s form Form1120SU. As we've mentioned before in the blog, being a shareholder comes with a lot of perks. Each stateroom will receive a voucher in their Welcome Back card on embarkation day for: • Dinner for Two with a Bottle of Wine. 1. It is used to report the dividend payments to the Internal Revenue Service (IRS) and to the shareholder. 831. With a combined fleet of 32 ships with over 65,500 berths, these brands offer itineraries to approximately 700 destinations. Cruise Tips; Cruise Lines. Reports, policies and documents related to our sustainability program, Sail & Sustain. Filter stock price historical data by date with the ability to view Opens, Highs, Lows, Closes, VWAPs, Volume % Change, Change, Trade Value and Trades. We we’re credited $100. co. #3. Yes, you get $100 OBC if you own 100 shares of stock. hman613. Recommended Posts. Currently we do not have a shareholder benefit program in place, but we are. com Mailing Address: Royal Caribbean Group Investor Relations 1050. Boards Jan 6, ends Jan 21. Enable Accessibility; This website uses cookies. On my account it shows a $50 credit each for me and my son. $250 Onboard Credit per Stateroom on Sailings of 14 or more nights. While most of us here think in terms of MSC being a cruise line. *Get the Holland america shareholder benefit request form 2022 completed. Proof of your share ownership in Royal Caribbean Cruises Ltd. Single guests paying 200% of applicable fare receive full onboard credit. The fine print for the benefits said it excludes the Reduced Rates programs. Only one shareholder credit per stateroom on any one sailing. My question is to those that have used this benefit before. • Dinner for Two. Amazing, Funny & Totally Awesome Cruise Photos. The offer is valid for new reservations made on or after January 7, 2019. RCL is up like 200 % from purchase during a dip in the market a few years ago. American Stock Transfer & Trust Company, LLC 6201 - 15th Avenue Brooklyn, NY 11219 T: 718-921-8124Royal Caribbean Shareholder Benefits. All shareholder benefit requests must be received at least fifteen days prior to sailing date. stock at time of sailing. Submit all of the required boxes (they are yellowish). Cart 0. P&O Cruises (UK) is Britain’s favorite cruise line with a fleet of ships combining genuine service and a sense of occasion and attention to detail, ensuring passengers have the holiday of a lifetime, every time. MIAMI, Sept. To maximize shareholder benefits, there are a few important things to know:NCL gives a shareholder benefit for Norwegian Cruise Line, Oceania Cruises or Regent Seven Seas Cruises. Three days ago, I resent my request and received another. You'll learn about how to ge. By mail, to RCL Investor Benefit Offer, PO Box 025511, Miami FL 33102-5511. If you own shares of your favorite cruise company stock, then you can get up. Account Login. (NYSE: NCLH) is a leading global cruise company which operates the Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands. m. Shareholders receive benefits in the form of Onboard Credits. Followers 8. Go Points; Drive Lines. NORWEGIAN CRUISE LINE HOLDINGS LTD. Posted January 29, 2016. Share your form with others. (“NCLC”), a subsidiary of Norwegian Cruise Line Holdings Ltd. The value of these credits ranges from $50 to $250, depending on the duration of the cruise. Company Paid Life Insurance Plan. at time of sailing. Edit your ncl shareholder benefit form online. com To learn ShareholderBenefitmore about Norwegian ®Cruise Line visit Mailing Address: Oceania Cruises Shareholder Benefit Department 8300 NW 33rd Street Suite 100 Miami, FL 33122 Email: @oceaniacruises. 14 days or longer. Cruise Critic Feature: Princess Cruises. 7. We also continuously seek and invest in new technologies and innovations that will allow us to improve our environmental performance. Significant new plans and significant changes to existing benefit plans are defined as those with an incremental cost to the Company of at least $1 million annually. (NCLH) stock at the time of sailing, you’re eligible for an onboard credit. You can reach our Investor Relations department at. If you decide to become a shareholder in the parent company that owns NCL, you’ll be able to enjoy a bonus perk every time you sail with the cruise line. A former flight attendant, she now prefers cruise ships over airplanes and spends several months each year cruising and exploring cruise ports. ‍ Norwegian. *Prices vary by ship and sail date. , “Norwegian Cruise Line Holdings” or the “Company”) announced today it will report second quarter 2022 financial results on Tuesday, August 9, 2022 at 7:30 a. This is Valerie, a Resolution Specialist at Norwegian Cruise Line. $100 Onboard Credit per Stateroom on Sailings of 7 to 14 Days. This exclusive benefit is reserved solely for shareholders owning a minimum of 100 shares of NorwegianCruise Line Holdings Ltd. Log in; 1-866-234-7350 1-855-577-9489 1-877-288-3037 1-877-288-3037 1-877-474-2969;While shareholders in the American NYSE:DIS company are out of luck, there actually is a way to get a shareholder benefit for a Disney-branded property in 2022. Cart. 2017 Stewardship Report View Report. With 19 world class vessels, Norwegian Cruise Line has one of the most nimble and contemporary fleets in the industry. By Janicept, September 23, 2021 in Norwegian Cruise Line. 2022 Environmental, Social & Governance Report View Report. The answer is Yes. The amount of the benefit depends on the length of the cruise. As a shareholder your benefits include: $50 onboard credit per stateroom on sailings of 6 days or less. ESG Reporting & Downloads. 3. submitting) showing proof of ownership of at least 100 shares of Norwegian Cruise Line Holdings Ltd. com. Investor Relations ; Media RelationsNorwegian Cruise Line — Onboard Credits Norwegian Cruise Line Holdings Ltd. Shareholder Benefit Offer ; Shareholder Benefit Request Form ;. Norwegian Cruise Line Holdings long term debt for 2020 was $11. 16, 2021 (GLOBE NEWSWIRE) -- NCL Corporation Ltd. Currently, NCLH Shareholder benefits are as follows: Shareholders of 100 or more shares: $250 Onboard Credit per Stateroom on Sailings of 15 Days or More. To buy shares in Oceania Cruises you’ll need to work with a stockbroker to purchase NCLH stock. royal caribbean shareholder benefit. As with Carnival and Royal Caribbean, 100 shares of Norwegian Cruise Line Holdings must be owned to qualify for their investor benefits. LauraS · Started 10 hours ago. Are folks getting their shareholder benefit processed quickly? I sent my request in 2 weeks ago and received an automated response saying I would hear back within 24 hours, but received no further response back. Norwegian Cruise Line Holdings long term debt for 2021 was $11. Cruise line Stock / Shareholder Benefit All of the major cruise lines in the U. Read how till skilled and how for an on board credit the adenine shareholder off a major cruise queue!. 91% increase from 2019. This exclusive benefit is reserved solely for shareholders owning a minimum of 100 shares of NorwegianCruise Line Holdings Ltd. IS THRILLED TO OFFER. Eastern Time with a conference call and webcast to discuss. With its comprehensive benefits package, cruises with the Norwegian Cruise Line are. #10. Click here to open the Royal Caribbean Shareholder Benefit Offer. Don’t Lose Your Reservation! 25422881. W9 Form. I receive $100 OBC each cruise. Shareholder Perks: A little-known benefit of holding cruise line stocks is that they offer shareholder perks. By. The Return Response: Thank you for your email and for your interest in Norwegian Cruise Line. 02/15/2023: Passenger Bill of Rights: Cruise Industry Passenger Bill of Rights: 05/23/2013: Consent Release Form: Parent/guardian consent and release form. Five steps to apply for onboard credit as a Carnival stockholder. IS THRILLED TO OFFER. The Shareholder must own the Norwegian Cruise Line Holdings Ltd. Onboard credit is applied on a per stateroom basis, double occupancy. The benefit amount varies depending on the length of the cruise and the specific cruise line. $100 Onboard Credit per Stateroom on Sailings of 6 to 13 nights. Posted March 30, 2018. The Shareholder must own the Norwegian Cruise Line Holdings Ltd. 00 on our 15 day cruise. February 5, 2010. Norwegian Cruise Line ; Oceania Cruises ; Regent Seven Seas Cruises ; Shareholder Benefit . Shareholder Benefit Offer ; Shareholder Benefit Request Form ; Shareholder Benefit FAQs ; Contact Us . Overview;. Minimize waste to landfills. Cruise line stocks are not cheap, and if you want. With a combined fleet of 29 ships with over 60,000 berths, these brands offer itineraries to approximately 500 destinations worldwide. See more here CruiseCompete. how much will 100 carnival shares cost. Scroll to the bottom of the Investors page and you will see this: Shareholder Benefit Shareholder Benefit Offer; Shareholder Benefit Request Form; Shareholder Benefit FAQsSeptember 26, 2022 18:30 ET | Source: Norwegian Cruise Line Holdings Ltd. So far, I've gotten the full $100 on solo discounted fares. So when you book you see $500/pp and if you book 1 person it's $500 but 2 would be $1000. Followers 2. Note that nowhere in NCL (actually, NCLH) documents do they state what the benefit percentage will be if the fare is less than 200%, only that that the full benefit will accrue if 200% is paid. 2013. Norwegian Cruise Line Holdings offers onboard credit ranging from $50 to $250. Please submit Shareholder Benefit Offer request along with current proof of ownership by mail, email or fax to: Mailing Address: Fax: Email: Royal Caribbean Cruises Ltd. With a combined fleet of 30 ships with over 60,000 berths, these brands offer itineraries to approximately 700 destinations worldwide. Still yet a $100 is a hundred dollars off of each cruise one takes on NCL. Aug 1, 2023 10:00 am EDT. 54 (-3. You can reach our Investor Relations department at. com Norwegian Cruise Line Shareholder Benefit Department 7665 Corporate Center Drive Miami, FL 33126 Email: ShareholderBenefit@ncl. American Stock Transfer & Trust Company, LLC 6201 - 15th Avenue Brooklyn, NY 11219 T: 718-921-8124 Royal Caribbean Shareholder Benefits. February 5, 2010. It is used to report the dividend payments to the Internal Revenue Service (IRS) and to the shareholder. See Terms & Conditions. Account Login. Offer valid for any vacation on Norwegian Cruise Line ®, Oceania Cruises ® or Regent Seven Seas Cruises ®, excluding charter sailings. 2k June 20,. Please note that any opinions, estimates or forecasts regarding Norwegian Cruise Line Holdings Ltd. Mail: You can mail the form to RCL Investor Benefit Offer, PO Box 025511, Miami, FL 33102-5511. If you cruise on Nordic Cruise Line, or another NCL-owned drive line, you can get cost-free onboard credit on every cruise, just for nature a Local stockholder! Here’s how to acquire your free OBC. Onboard credit per stateroom, sailings of 14 nights or longer. 4. 2020 Environmental, Social & Governance Report View Report. Draw your signature, type it, upload its image, or use your mobile device as a signature pad. If you are referring to the airfare deviation, here are the current terms, at least for the current promo:The benefit was approved and was attached to my account in April 2022. Read how until qualify additionally application for an on board credit as a shareholder of a major journey line!. If you have investor questions, media requests or general inquiries, please contact us. My only point is, NCL's shareholder benefit is so minimal to me, it is not worth owning the stock. The Shareholder must own the Norwegian Cruise Line Holdings Ltd. You should have this PDF available in your shareholder documentation, but I found it with a quick Google search (it was the first result when I searched for 'ncl shareholder benefit'). As the only shareholder I thought the OBC would. W9 Tax document form. com To learn more about Norwegian Cruise Line visit Mailing Address: Oceania Cruises Shareholder Benefit Department 7665 Corporate Center Drive Miami, FL 33126 Email: ShareholderBenefit@ oceaniacruises. Take Advantage of Norwegian Cruise Line Stock Price Benefits. Norwegian Cruise Line ; Oceania Cruises ; Regent Seven Seas Cruises ; Shareholder Benefit . Royal Caribbean International. Please direct all inquiries to the Shareholder Benefit Team: (954) 628-9325, option #3. 7665 Corporate Center Drive Miami, FL 33126. . Norwegian Cruise Line ; Oceania Cruises ; Regent Seven Seas Cruises ; Shareholder Benefit . Cruise Pick; Cruise Lines. $50 On board Credit per Stateroom on Sailings of 6 Days or Less. $50 Onboard Credit per Stateroom on Sailings of 6 Days or Less. With our solution filling in Carnival Shareholder Benefit Request Form requires just a couple of minutes. This Shareholder Benefit Offer. My cruise is 18 days so it's $250 OBC and don't want to forget to do it. Yes we have that for other cruises where we got 300 OBC for booking within the 30 day rule, but NOTHING for the NCL shareholder benefit. Tanner Callais. Norwegian Shipping Line; Virginity Voyages; MSC Ocean. • This offer is good for only one stateroom occupied by the shareholder. MIAMI, April 21, 2023 (GLOBE NEWSWIRE) -- Norwegian Cruise Line Holdings Ltd. Download your adjusted document, export it to the cloud, print it from the editor, or share it with other people using a Shareable link or as an email attachment. Share More sharing options. email: investorrelations@nclcorp. Cruise Shareholder Benefits - Instructions to Obtain Credits Cruise travelers owning 100 shares in Carnival, Royal Caribbean, or Norwegian can receive up to $250 in onboard credits. The amount of the benefit depends on the length of the cruise. Company Invites all NCLH Shareholders to Submit Questions for Management Ahead of Earnings Call. Get Login. Currently, NCLH Shareholder benefits are as follows: Shareholders of 100 or more shares: $250 Onboard Credit per Stateroom on Sailings of 15 Days or More. Together, the brands have an additional 10 ships on order as of September 30, 2023. Print, copy or scan your proof of shares. I love the NCLH shareholder free money. Owning 100+ shares of NCL stock can earn you anywhere from $50 to $250 OBC, depending on the length of the cruise. Arkansas. Onboard credit per stateroom, sailings of 10 to 13 nights: $200. Investor Relations ; Media RelationsNorwegian Cruise Line — or ‘NCL’ — is one of the most popular cruise lines around and often does things a little differently than rivals. With a combined fleet of 29 ships with over 60,000 berths, these brands offer itineraries to approximately 500 destinations worldwide. Prebooked excursions require payment at the time of booking. Earnings Presentation. Cruise travelers who own at least 100 shares of stock in Carnival Corporation (CCL), Royal Caribbean (RCL), or Norwegian Cruise Line (NCL) can receive up to $250 in onboard credits during their. 46. The benefit is only available for the stateroom in which the shareholder (with a minimum of 100 shares) is sailing. Norwegian Cruise Line Holdings is traded on the New York Stock Exchange under the ticker NCLH. 00 instead of the $250. What Is The NCL Shareholder Benefit? The NCL stock benefits are for anyone who owns 100 shares or more in Norwegian Cruise Line Holdings. There is an actual option for shareholder benefit on the phone tree, but honestly I think it just dumped into the regular NCL customer service queue. Are folks getting their shareholder benefit processed quickly? I sent my request in 2 weeks ago and received an automated response saying I would hear back within 24 hours, but received no further response back. Cruise Shareholder Benefits Instructions Cruise travelers who own at least 100 shares of stock in Carnival Corporation (CCL), Royal Caribbean (RCL), or Norwegian Cruise Line (NCL) can receive up to $250 in onboard credits during their next vacation at sea. Please submit Shareholder Benefit Offer request along with current proof of ownership by mail, email or fax to: Fax: Email: (305) 373-6699 shareholderbenefit@rccl. This is a PDF document that allows shareholders of Norwegian Cruise Line to request onboard credit for their shares. 's performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of Norwegian Cruise Line Holdings Ltd. Posted February 2, 2016. Submit that form with a copy of your statement proving share ownership to the NCL shareholder email shared by another user. Onboard credit wil be applied to a guest redeeming the cruise. Norwegian Cruise Line Holdings Ltd. Our Fleet. Carnival Stock Benefits (CCL) Carnival cruise lines offers the following on board credits to their shareholders: $50 – 6 days and less. Take Advantage of Norwegian Cruise Line Stock Price Benefits. , “Norwegian Cruise Line Holdings” or the “Company”) announced today it will report third quarter 2023 financial results on Wednesday, November 1, 2023 at 7:30 a. Navigate Benefit Redemption Process 4. Yes, you get $100 OBC if you own 100 shares of stock. Norwegian Cruise Line (NCL) has an impressive shareholder benefit program that gives shareholders of record a chance to get onboard credit when they. May 1, 2000. approval and adoption of new significant benefit plans. Shareholder Benefit Offer ; Shareholder Benefit Request Form ; Shareholder Benefit FAQs ; Contact Us . Maybe someone else with prior experience can offer some insight though. Norwegian Communications Center. Visit: P&O Cruises (Australia) provides a quintessential holiday experience for Australians and New Zealanders. To redeem this special offer, simply complete the attached Shareholder Benefit Request Form and mail or email (with accompanying documentation) request at least 15 days prior to sailing to the addresses listed to the. Prepare your docs in minutes using our straightforward step-by-step guideline: Get the Holland America Shareholder Benefit Request Form 2022 you require. We have received shareholder benefit OBC on our last 20 NCL cruises. The O rep says it is added only after you are on the ship. Related: How. While most of us here think in terms of MSC being a cruise line. Sixteen ships are divided among six different classes, including the Sun, Dawn, Jewel, Breakaway, Breakaway Plus Class, and Prima Class. MIAMI, July 27, 2022 (GLOBE NEWSWIRE) -- Norwegian Cruise Line Holdings Ltd. Terms and Conditions. Has anyone used the StockPerks app yet to apply for the shareholder benefits? We just got finished applying for Princess shareholder benefits using the online StockPerks app and noticed that Norwegian Cruise Lines was list on the app's applicable Companies list. ESG Reporting & Downloads. Read how to qualify plus apply for an on onboard credit while adenine shareholder in a major cruise line!. After that page opens, click the menu button at the top left. com – Cruise Line Shareholder Benefits. 1. I receive $100 OBC each cruise. com NCL Shareholder Benefit FAQs; Shareholder Benefit Request Form. My O cruise not for another 5 months and NCL says the stock has to be owned at the time of sailing. I just found the electronic shareholder benefit application webpage. Share More sharing options. Recommended Posts. Account Enroll. Investor Relations ; Media Relations See full list on shouldbecruising. greg2014. All shareholder benefit requests must be received at least fifteen days prior to sailing date. ‍ ‍ Currently, NCLH Shareholder benefits are as follows: Shareholders of 100 or more shares: $250 Onboard Credit per Stateroom on Sailings of 15 Days or More. June 26, 2011. Posted July 30, 2021. I used the link and entered in the requested information for two bookings. Really unfair and discriminatory. They are especially crucial when it comes to stipulations and signatures associated with them. Norwegian Cruise Line Holdings' Benefits Program includes: Medical, Dental and Vision plans. As soon as you’re deemed eligible to take advantage of the NCLH’s shareholder benefits, you can start cashing in! The specific. $50. NCLH Shareholder benefit. Fluctuating share. Norwegian Cruise Line has already announced new ships and itineraries for the upcoming years, which is expected to increase demand and revenue. MIAMI, March 01, 2021 (GLOBE NEWSWIRE) -- NCL Corporation Ltd. Onboard credit is applied on a per stateroom basis, double occupancy. Check. 17%)We just got finished applying for Princess shareholder benefits using the online StockPerks app and noticed that Norwegian Cruise Lines was list on the app's applicable Companies list. Investor Relations ; Media RelationsNorwegian Cruise Line Holdings Ltd. 01/30/2012: Direct Guest Reservation Transfer Form:I hopped on the shareholder bandwagon too. If you have investor questions, media requests or general inquiries, please contact us. Offer valid for any cruise vacation on Norwegian Cruise Line, Oceania Cruises or Regent Seven Seas Cruises, excluding any charter sailings. #3. Thanks! We rarely charge much of anything onto our onboard account, so it's good to hear that those nuisance charges will be covered. Email: You can send an email with the required documentation to shareholderbenefit@rccl. Getting close to Star cruise, fired off an email. 5 Pacific Coastal Cruise Deals from $29/Night; March 2020 Calendar Desktop/Mobile WallpaperMy recent experience was more positive. How much of NCL stock is needed to be able to receive this? Wondering if it's a good value, as we are looking to expand our slightly growing portfolio. Onboard credit per stateroom, sailings of 14 nights or longer. Eastern Time with a conference call and. Find addresses for the other brands and facts about the program on the company's investor website. February 12, 2013. 875% Senior Notes due 2026 (the “NCLC Notes”), which were offered in a private offering that is exempt from the. I ended up submitting the shareholder benefit form late last week with my husband's brokerage account and got the OBC early this week, split between him and me ($50 each), which is fine for us, since the. On Scandinavian, Regent Seven Seas, or Oceania, you can get free onboard credit on every cruise, just for being with NCL. Was told by the resolution desk and refereed to the below document. We aspire to: Combat climate change. The value of these credits ranges from $50 to $250. It is "Norwegian Cruise Line". 02. $100 Onboard Credit per Stateroom on Sailings of 7 to 14 Days. I have two more booked in March and April of 2023. 7/27/2022. 2021 Environmental, Social & Governance Report View Report. $50 Onboard Credit per Stateroom on Sailings of 6 Days or Less. Shareholder Benefit Offer ; Shareholder Benefit Request Form ; Shareholder Benefit FAQs ;. Book Login. Get access to thousands of forms. It requires proof of ownership, such as a proxy card or a. Shareholder Benefit Offer ; Shareholder Benefit Request Form ; Shareholder Benefit FAQs ; Contact Us . Lastly, travel agents taking advantage of a travel agent rate, and Carnival employees are excluded from using OBCs. When I went to check my account and voyage in Oct 2022 the shareholder benefit was no longer associated. As a shareholder your benefits include: $50 onboard credit per stateroom on sailings of 6 days or less. Shareholder Benefits; News & Media. -. Norwegian Cruise Line Holdings Ltd. The benefits apply to the following cruise lines within the group. That said, I have preferred NCL cruises in general. Ontario. All bookings are now eligible. m. military personnel benefit request form. Bank Login. If you own at least 100 shares of NYSE:NCL stock and would like to make a request for onboard credit in your upcoming cruise you can use the Shareholder Benefit Request Form here. True pp pricing vs room pricing. With a combined fleet of 31 ships and more than 65,000. 64. Norwegian Cruise Line ; Oceania Cruises ; Regent Seven Seas Cruises ; Shareholder Benefit .