Royal Bank of Canada announces increase to preferred share
issue
TORONTO, January 22, 2009 — Royal Bank of Canada
(RY on TSX and NYSE) today announced that as a result of strong
investor demand for its domestic public offering of Non-Cumulative,
5 year rate reset Preferred Shares Series AR (the "Preferred
Shares Series AR"), the bank has increased the Underwriters
option to 4 million Preferred Shares Series AR at a price
of $25 per share.
We routinely undertake funding transactions to maintain strong
capital ratios and a cost effective capital structure. Net
proceeds from this transaction will be used for general business
purposes.
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For further information, please contact:
Media Contact:
Stephanie Lu, Media Relations, (416) 974-5506
Investor Contact:
James Colburn, Investor Relations, (416) 955-7808
Or visit the site: http://www.rbc.com/investorrelations
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