Royal Bank of Canada to redeem subordinated debentures
TORONTO, May 26, 2006 — Royal Bank of Canada
(RY: TSX; NYSE) today announced its intention to redeem all
outstanding 6.50% subordinated debentures due September 12,
2011 (the "6.50% debentures"), for 100 per cent
of their principal amount plus accrued interest to the redemption
date. The redemption will occur on September 12, 2006. There
is currently $350,000,000 principal amount of 6.50% debentures
outstanding.
The redemption of the debentures will be financed out of
the general corporate funds of Royal Bank of Canada.
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For further information :
Media Contact:
Beja Rodeck, Media Relations,
(416) 974-5506, toll-free 1-888-880-2173
Investor Contact:
Nabanita Merchant, Senior Vice President, Investor Relations,
(416) 955-7803
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