TORONTO, Oct. 25, 2013 /CNW/ - Royal Bank of Canada (RY on TSX and NYSE) today announced that RBC Capital Trust II, an open-end unit trust established by Royal Bank of Canada, will redeem all of its issued and outstanding $900,000,000 principal amount Trust Capital Securities - Series 2013 ("RBC TruCS - Series 2013") for cash at a redemption price of $1,000 per unit on December 31, 2013.
Separately from the RBC TruCS - Series 2013 redemption price, the final semi-annual distribution of $29.06 per unit for the RBC TruCS - Series 2013 will be paid to security holders in the usual manner on December 31, 2013.
The redemption of the RBC TruCS - Series 2013 units will be financed out of the general funds of RBC Capital Trust II.
SOURCE: RBC Capital Trust II
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