Royal Bank of Canada announces increase to preferred share issue

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 
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ST: Ontario
-0- Jan/21/2014 20:29 GMT
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