TORONTO, Jan. 21, 2014 /CNW/ - Royal Bank of Canada (RY on TSX and NYSE) today
announced that as a result of strong investor demand for its previously
announced domestic public offering of Non-Cumulative, 5-Year Rate Reset
Preferred Shares Series AZ, the size of the offering has been increased to 20
million shares. The gross proceeds of the offering will now be $500 million.
The offering will be underwritten by a syndicate led by RBC Capital Markets.
The expected closing date is January 30, 2014.
We routinely undertake funding transactions to maintain strong capital ratios
and a cost effective capital structure. Net proceeds from this transaction
will be used for general business purposes.
Investor Contact: Shirley Boudreau, Shareholder Relations, 416-955-7806
Karen McCarthy, Investor Relations, 416-955-7809
Media Contact: Tanis Feasby, Communications, 416-955-5172
Or visit the site:http://www.rbc.com/investorrelations/
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NI: FIN NEWSTK
-0- Jan/21/2014 20:29 GMT
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