SCHEDULE: Truist Financial Files Amended Schedule 13G for Carnival Corp, Remedying Prior Non-Submission

Truist Financial Corporation has filed an amended Schedule 13G for its passive ownership in Carnival Corp, disclosing a 0.008% stake and noting the filing remediates a previously unsubmitted report from 2022.

Summary

• Truist Financial Corporation, acting as a Parent Holding Company for Truist Advisory Services, Inc. and Truist Bank, has filed an Amendment No. 1 to Schedule 13G regarding its beneficial ownership of Common Stock in Carnival Corp.
• The filing reports an aggregate beneficial ownership of 93,905.36 shares, representing 0.008% of Carnival Corp's class of securities.
• Truist holds sole voting power over 53,131 shares and sole dispositive power over 93,745.358 shares, with minimal shared voting (0 shares) and shared dispositive power (160 shares).
• The filing explicitly states it is part of an internal effort to remediate filings not previously submitted, indicating that the ownership, which is less than 5%, should have been reported in 2022.

Sentiment

Score: 4

Explanation: The document reveals a past compliance oversight by Truist Financial Corporation, as a required filing from 2022 was only submitted in 2025. However, the filing itself is a step towards remediation, and the beneficial ownership in Carnival Corp is passive and insignificant (0.008%), indicating no strategic shift or control intent.

Positives

• The filing demonstrates Truist Financial Corporation's commitment to regulatory compliance by proactively remediating previously unsubmitted filings.
• The beneficial ownership stake in Carnival Corp is passive and well below the 5% threshold, indicating no intent to influence or change control of the issuer.

Negatives

• The filing indicates a delay in compliance, as the beneficial ownership should have been reported in 2022, but the filing was submitted in 2025, suggesting a past internal compliance oversight.

Risks

• Compliance Risk: Truist Financial Corporation faced a compliance risk due to the delay in submitting the required Schedule 13G filing, which should have been submitted in 2022. While now remediated, such delays can attract regulatory scrutiny.

Future Outlook

NA

Management Comments

• Filing completed as part of internal effort to remediate filings not previously submitted.
• Current ownership is less than 5% ownership. Filing of less than 5% ownership should have been submitted in 2022.
• The securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11.

Industry Context

This filing is a routine regulatory disclosure for a financial institution holding a passive, non-controlling stake in a publicly traded company. It does not reflect broader industry trends for the cruise sector (Carnival Corp) but rather highlights a specific compliance action by a financial services firm (Truist).

Stakeholder Impact

• Shareholders (Carnival Corp): Minimal impact, as the disclosed ownership is very small (0.008%) and passive, indicating no threat to control or significant influence on company strategy.
• Shareholders (Truist Financial Corp): Positive impact from a compliance perspective, as the company is actively addressing and remediating past filing oversights, which can reduce potential regulatory risks.

Key Dates

Keywords

Truist Financial Corporation, Carnival Corp, Schedule 13G, beneficial ownership, common stock, SEC filing, passive investment, compliance, financial services, cruise industry