ROYAL BANK OF CANADA ANNOUNCES REDEMPTION OF RBC TRUST CAPITAL SECURITIES - SERIES 2011

TORONTO, May 3 /CNW/ - Royal Bank of Canada (RY on TSX and NYSE) today announced that RBC Capital Trust, a closed-end unit trust established by Royal Bank of Canada, will redeem all of its issued and outstanding $750,000,000 principal amount Trust Capital Securities - Series 2011 ("RBC TruCS - Series 2011") for cash at a redemption price of $1,000 per unit on June 30, 2011.

Separately from the RBC TruCS - Series 2011 redemption price, the final semi-annual distribution of $35.92 per unit for the RBC TruCS - Series 2011 will be paid to security holders in the usual manner on June 30, 2011.

The redemption of the RBC TruCS - Series 2011 units will be financed out of the general funds of RBC Capital Trust.

SOURCE RBC

For further information:

Investor Contact:

Karen McCarthy, 416-955-7809, karen.mccarthy@rbc.com

Media contact: 

Rina Cortese, 416-974-5506 or toll-free 1-888-880-2173, rina.cortese@rbc.com


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