/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES/
TORONTO, June 5, 2015 /CNW/ - Royal Bank of Canada (RY on TSX and NYSE)
today announced it has closed its domestic public offering of
Non-Cumulative, Preferred Shares Series BH. Royal Bank of Canada issued
6 million Preferred Shares Series BH at a price of $25 per share to
raise gross proceeds of $150 million.
The offering was underwritten by a syndicate led by RBC Capital Markets.
The Preferred Shares Series BH will commence trading on the Toronto
Stock Exchange today under the ticker symbol RY.PR.N.
The Preferred Shares Series BH were issued under a prospectus supplement
dated May 29, 2015 to the bank's short form base shelf prospectus dated
December 20, 2013.
The Preferred Shares Series BH have not been and will not be registered
in the United States under the United States Securities Act of 1933, as
amended (the "Securities Act"), or the securities laws of any state of
the United States and may not be offered, sold or delivered, directly
or indirectly in the United States or to, or for the account or benefit
of, a "U.S. person" (as defined in Regulation S under the Securities
Act) absent registration under the Securities Act or an applicable
exemption from such registration requirements. This press release does
not constitute an offer to sell or a solicitation to buy securities in
the United States or in any other jurisdiction where such offer or
solicitation would be unlawful.
For further information:
Lynda Gauthier, Investor Relations, 416-955-7808
Seema Sharma, Financial Communications, 416-974-5606