TORONTO, Nov. 16, 2015 /CNW/ - Royal Bank of Canada (RY on TSX and NYSE) today announced that RBC Capital Trust, a closed-end unit trust established by Royal Bank of Canada, will redeem all of its issued and outstanding $1,200,000,000 principal amount of Trust Capital Securities - Series 2015 ("RBC TruCS - Series 2015") for cash at a redemption price of $1,000 per unit plus unpaid indicated distributions, on December 31, 2015.
The redemption of the RBC TruCS - Series 2015 units will be financed out of the general funds of RBC Capital Trust.
For further information:
Julia Macleod, Investor Relations, 416-955-7302
Seema Sharma, Financial Communications, 416-974-5606