R Split III Corp. Announces Redemption Prices and De-listing of Capital Shares and Preferred Shares

TORONTO, May 30, 2017 /CNW/ - Scotia Managed Companies Administration Inc. as administrator of R Split III Corp. (the "Company") announced today that the redemption prices for all outstanding Capital Shares and Preferred Shares to be paid on May 31, 2017 are as follows:

Redemption Price per Preferred Share:  $13.60
Redemption Price per Capital Share:  $24.2445

Holders of 213,172 Capital Shares requested delivery of and will receive their pro rata share in common shares of Royal Bank of Canada in payment for their Capital Shares.

Capital Shares and Preferred Shares of R Split III Corp. are listed for trading on The Toronto Stock Exchange (the "TSX") under the symbols RBS and RBS.PR.B respectively. The Capital Shares and Preferred Shares will be de-listed from the TSX as at the close of trading on May 31, 2017.

SOURCE R Split III Corp.

For further information: Investor Relations, R Split III Corp., (416) 945-7386, E-mail: mc.rsplit@scotiabank.com, Web site: www.scotiamanagedcompanies.com

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