TORONTO, Jan. 30, 2014 /CNW/ - Royal Bank of Canada (RY on TSX and NYSE)
today announced it has closed its domestic public offering of
Non-Cumulative, 5-Year Rate Reset Preferred Shares Series AZ. Royal
Bank of Canada issued 20 million Preferred Shares Series AZ at a price
of $25 per share to raise gross proceeds of $500 million.
The offering was underwritten by a syndicate led by RBC Capital Markets.
The Preferred Shares Series AZ will commence trading on the Toronto
Stock Exchange today under the ticker symbol RY.PR.Z.
The Preferred Shares Series AZ were issued under a prospectus supplement
dated January 23, 2014 to the bank's short form base shelf prospectus
dated December 20, 2013.
The Preferred Shares Series AZ 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 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
and any public offering of the securities in the United States must be
made by means of a prospectus.
For further information:
Shirley Boudreau, Shareholder Relations, 416-955-7806
Karen McCarthy, Investor Relations, 416-955-7809
Tanis Feasby, Communications, 416-955-5172