Royal Bank of Canada files preliminary prospectus for issuance of Trust Subordinated Notes



    TORONTO, April 18 /CNW/ - Royal Bank of Canada (RY on TSX and NYSE) today
announced that RBC Subordinated Notes Trust, a closed-end trust wholly owned
by the bank, has filed a preliminary prospectus with various securities
commissions across Canada providing for the issuance of Trust Subordinated
Notes.
    RBC Subordinated Notes Trust intends to issue subordinated debt that will
qualify as subordinated debt of the bank for regulatory purposes. The Trust
Subordinated Notes will be sold through a dealer group led by RBC Capital
Markets.
    The capital will be used for general corporate purposes and will improve
the efficiency of the bank's capital structure. The amount and timing of the
issuance will be communicated by a further press release once they are
determined.





For further information:

For further information: Media Contact: Jackie Braden, Media Relations,
(416) 974-2124, jackie.braden@rbc.com; Investor Contacts: Marcia Moffat, Head,
Investor Relations, (416) 955-7803, marcia.moffat@rbc.com; Amy Cairncross,
Investor Relations, (416) 955-7809, amy.cairncross@rbc.com


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