R Split III Corp. Reconfirms Notice Period

TORONTO, April 6, 2017 /CNW/ - R Split III Corp. (the "Company"), reconfirms that holders of Capital Shares who wish to receive their redemption payment in common shares of the Royal Bank of Canada rather than cash must give notice to this effect and tender $13.60 for every two Capital Shares redeemed to the Company no later than May 2, 2017 and not May 3, 2017 as previously stated.  Holders of Capital Shares who do not give the required 20 business days' notice will be deemed to have chosen to be paid in cash.

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

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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