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,
The redemption of the RBC TruCS - Series 2011 units will be financed out
of the general funds of RBC Capital Trust.
For further information:
Karen McCarthy, 416-955-7809, firstname.lastname@example.org
Rina Cortese, 416-974-5506 or toll-free 1-888-880-2173, email@example.com