Carnival Corporation has announced an amendment to its Amended and Restated Deposit Agreement, signaling a potential corporate reorganization. The amendment outlines that the Deposit Agreement will automatically terminate upon the consummation of the proposed unification of Carnival Corporation and Carnival plc’s dual listed company arrangement, and the migration of Carnival Corporation from Panama to Bermuda. In the event of this unification, the Depositary will use reasonable efforts to distribute new Carnival Corporation Ltd. shares to holders of American Depositary Receipts (ADRs) representing ordinary shares of the company. These changes are part of a broader reorganization plan intended to streamline the company’s structure.

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