R Split II Corp. Declares Quarterly Dividends

    TORONTO, Aug. 16 /CNW/ - The Board of Directors of R Split II Corp. (the
"Company") has declared today dividends of $0.3241 per Preferred Share and
$0.2200 per Capital Share, payable on August 31, 2007 to holders of record at
the close of business on August 27, 2007.
    Holders of Preferred Shares are entitled to receive quarterly fixed
cumulative distributions equal to $0.3241 per Preferred Share. The Company's
Capital Share dividend policy entitles holders of Capital Shares to receive
quarterly dividends in an amount equal to the dividends received by the
Company on the Royal Bank of Canada common shares minus the dividends payable
on the Preferred Shares and all administrative and operating expenses.

    R Split II Corp. is a mutual fund corporation created to hold a portfolio
of common shares of Royal Bank of Canada. Capital Shares and Preferred Shares
of R Split II Corp. are listed for trading on The Toronto Stock Exchange under
the symbols RBT and RBT.PR.A respectively.

    %SEDAR: 00020472E

For further information:

For further information: Investor Relations, R Split II Corp., (416)
945-5353, E-mail: mc_rsplit2@scotiacapital.com, Web site:

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