Royal Bank of Canada to Repurchase up to 30 Million of its Common Shares

Royal Bank of Canada to Repurchase up to 30 Million of its Common Shares 
TORONTO, Oct. 26, 2012 /CNW/ - Royal Bank of Canada ("RY" on TSX and NYSE) 
today announced that the Toronto Stock Exchange has approved its normal course 
issuer bid to purchase, for cancellation, up to 30 million of its common 
shares. 
The shares that may be repurchased represent approximately 2.1 per cent of the 
bank's outstanding common shares. As of October 18, 2012 there were 
1,455,019,255 common shares of the bank outstanding. 
Purchases under the normal course issuer bid may commence on November 1, 2012 
and continue until October 31, 2013, when the bid expires. Purchases may be 
made through the Toronto Stock Exchange as well as through other designated 
exchanges and published markets, in both Canada and the U.S. The price paid 
for any repurchased shares will be the prevailing market price at the time of 
acquisition. 
The bank will only initiate purchases under the bid after consulting with the 
Office of the Superintendent of Financial Institutions (OSFI). The amount of 
purchases on any given day will not exceed 634,500 common shares, which is 25 
per cent of the average daily trading volume on the Toronto Stock Exchange for 
the six months ending September 28, 2012. The average daily trading volume of 
the bank's shares on the Toronto Stock Exchange for that six-month period, 
calculated in accordance with the rules of the Toronto Stock Exchange for the 
purposes of the bid, was 2,538,255 shares. 
The purchase of common shares under the normal course issuer bid will enable 
the bank to balance the imperatives of maintaining strong capital ratios with 
the ongoing need to generate shareholder value. 
Caution regarding forward-looking statements 
Certain statements contained in this press release may be deemed to be 
forward-looking statements within the meaning of certain securities laws, 
including the "safe harbour" provisions of the United States Private 
Securities Litigation Reform Act of 1995 and any applicable Canadian 
securities legislation. These forward-looking statements include, but are not 
limited to, statements with respect to the normal course issuer bid by Royal 
Bank of Canada. Forward-looking statements are typically identified by words 
such as "believe", "expect", "foresee", "forecast", "anticipate", "intend", 
"estimate", "goal", "plan" and "project" and similar expressions of future or 
conditional verbs such as "will", "may", "should", "could" or "would". 
By their very nature, forward-looking statements require us to make 
assumptions and are subject to inherent risks and uncertainties, which give 
rise to the possibility that our predictions, forecasts, projections, 
expectations or conclusions will not prove to be accurate, that our 
assumptions may not be correct and that our forward-looking statements, 
including statements about the normal course issuer bid by Royal Bank of 
Canada, will not be achieved. We caution readers not to place undue reliance 
on these statements as a number of risk factors could cause our actual results 
to differ materially from the expectations expressed in such forward-looking 
statements. These factors - many of which are beyond our control and the 
effects of which can be difficult to predict - include: credit, market, 
operational, and liquidity and funding risks, and other risks discussed in the 
Risk management and Overview of other risks sections of our 2011 Annual Report 
and in the Risk management section of our Q3 2012 Report to Shareholders; 
general business, economic and financial market conditions in Canada, the 
United States and certain other countries in which we conduct business, 
including the effects of the European sovereign debt crisis, changes in 
accounting standards, policies and estimates; the effects of changes in 
government fiscal, monetary, economic and other policies; changes to and new 
interpretations of risk-based capital and liquidity guidelines; the impact of 
changes in laws and regulations; judicial or regulatory judgments and legal 
proceedings; and our ability to successfully execute our strategies. 
We caution that the foregoing list of risk factors is not exhaustive and other 
factors could also adversely affect our results. When relying on our 
forward-looking statements to make decisions with respect to us, investors and 
others should carefully consider the foregoing factors and other uncertainties 
and potential events. Additional information about these and other factors can 
be found in the Risk management and Overview of other risks sections of our 
2011 Annual Report and in the Risk management section of our Q3 2012 Report to 
Shareholders. Except as required by law, we do not undertake to update any 
forward-looking statement contained in this press release. 
Investor Contact: Karen McCarthy, Investor Relations, 
416-955-7809,karen.mccarthy@rbc.com 
Media Contact: Tanis (Robinson) Feasby, Corporate Communications, 
416-955-5172,tanis.feasby@rbc.com 
SOURCE: RBC 
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CO: RRYIR
ST: Ontario
NI: FIN  
-0- Oct/26/2012 12:45 GMT
 
 
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