Canadian Capital Auto Receivables Asset Trust III

TORONTO, Oct. 15, 2013 /CNW/ - Canadian Capital Auto Receivables Asset Trust III ("CCARAT III") announced that it has been advised by Royal Bank of Canada ("RBC") that RBC, as Servicer, intends to elect to exercise its option to purchase all right, title and interest of CCARAT III in the portfolio of secured loans which secure the payment of the 2.716% Auto Loan Receivables-Backed Notes, Series 2010-1 (the "Notes") previously issued by CCARAT III. RBC has indicated that the purchase option will be exercised on October 17, 2013, and final payment of all amounts owing on the Notes shall be paid to the holders on October 17, 2013, in accordance with the terms of the Notes.

CCARAT III is a special purpose master trust, the business activities of which are limited to the purchase, acquisition, administration and sale of financial assets, including financial assets acquired from Ally Credit Canada Limited and its affiliates, and the borrowing of funds or the issuance of securities to finance these purchases.

SOURCE: Canadian Capital Auto Receivables Asset Trust III

For further information:

Investors:
Robert Colangelo, Associate Director, Investor Relations, RBC, 416 955-2049

Media:
Tanis Feasby, Director, Financial Communications, RBC, 416 955-5172

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Canadian Capital Auto Receivables Asset Trust III

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