Royal Bank of Canada to redeem Non-Cumulative 5-Year Rate Reset First Preferred Shares Series AT & AV

 Royal Bank of Canada to redeem Non-Cumulative 5-Year Rate Reset First  Preferred Shares Series AT & AV  TORONTO, July 18, 2014 /CNW/ - Royal Bank of Canada (RY on TSX and NYSE) today  announced its intention to redeem all of its issued and outstanding  Non-Cumulative 5-Year Rate Reset First Preferred Shares Series AT (the "Series  AT shares") and AV (the "Series AV shares") on August 24, 2014, for cash at a  redemption price of $25.00 per share to be paid on August 25, 2014.  There are 11,000,000 Series AT shares outstanding, representing $275 million  of capital and 16,000,000 Series AV shares outstanding, representing $400  million of capital. The redemption of the Series AT and AV shares will be  financed out of the general corporate funds of Royal Bank of Canada.  Separately from the redemption price, the final quarterly dividend of  $0.390625 for each of the Series AT and AV shares will be paid in the usual  manner on August 22, 2014 to shareholders of record on July 24, 2014. After  such dividend payment, the Series AT and Series AV shares will cease to be  entitled to dividends.    SOURCE  RBC   Investor Contacts: Shirley Boudreau, Shareholder Relations,  416-955-7806,shirley.boudreau@rbc.com Julia Macleod, Investor Relations,  416-955-7302,julia.macleod@rbc.com  Media contact: Sandra Nunes, Financial  Communications, 416-974-1794,sandra.nunes@rbc.com  To view this news release in HTML formatting, please use the following URL:  http://www.newswire.ca/en/releases/archive/July2014/18/c8147.html  CO: RRYIR ST: Ontario NI: FIN  
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