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News Releases

 

Royal Bank of Canada files final prospectus for issuance of Tier 1 capital

TORONTO, April 23, 2008 — Royal Bank of Canada (RY on TSX and NYSE) today announced that it has filed a final prospectus with securities commissions across Canada for the issuance of Innovative Tier 1 capital of the bank.

RBC Capital Trust, a subsidiary of Royal Bank of Canada, will issue $500 million of RBC TruCS - Series 2008-1.

The RBC TruCS - Series 2008-1 will be priced at $1,000 each and will provide an indicated yield of 6.821%, paid semi-annually in an amount of $34.105 per RBC TruCS - Series 2008-1 on the last day of June and December. The initial payment on June 30, 2008 will be $11.773.

RBC Capital Trust is a closed-end trust established under the laws of Ontario. RBC Capital Markets acted as lead agent on the issue.

The capital will be issued for general corporate purposes.

- 30 -

For further information, please contact:

Media contact:
Beja Rodeck,
Media Relations, Toronto,
(416) 974-5506 or toll-free 1-888-880-2173,
beja.rodeck@rbc.com

Investor contact:
Amy Cairncross,
Investor Relations, Toronto,
(416) 955-7809, amy.cairncross@rbc.com



 



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04/23/2008 09:51:58