Royal Caribbean BDR program executes 13-for-1 stock split on July 27 after ratio change - RCL News | RalliesRoyal Caribbean BDR program executes 13-for-1 stock split on July 27 after ratio change
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RCL• BDR ratio change and split details
- Royal Caribbean Cruises is resetting the BDR ratio to 1:28 from 1:2 (underlying share:BDR), effective at Brazil’s market open on 27/07/2026.
- The ratio change is paired with a mandatory BDR stock split, issuing 13 additional BDRs for each 1 BDR held on 24/07/2026.
- Trading turns ex on 27/07/2026; new BDRs are credited on 29/07/2026.
- Fractional entitlements will be paid in cash, net of income tax, with no rounding.
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