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News Releases

 

RBC announces redemption of trust preferred securities

TORONTO, August 27, 2009 — Three subsidiary trusts of RBC Bancorporation (USA) have given notice that each subsidiary trust will redeem all of its outstanding trust preferred securities. RBC Bancorporation (USA) is the successor by merger to the three subsidiary trusts announcing the redemptions.

On September 30, 2009, Alabama National Statutory Trust III will redeem all of the US$20 million of its outstanding Floating Rate Trust Preferred Securities at PAR with accrued interest.

On October 13, 2009, Centura Capital Trust I will redeem all of the approximately US$94 million of its 8.845 per cent Trust Preferred Securities outstanding at a price of 103.538 plus accrued interest from the last interest payment date.

The paying agent for these redemptions is US Bank National Association.

On October 13, 2009, Triangle Capital Trust I will redeem all of the US$20 million of its outstanding 9.375 per cent Trust Preferred Securities at a price of 103.750 plus accrued interest from the last interest payment date.

The paying agent for this redemption is Deutsche Bank National Trust Company.

RBC Bancorporation (USA) is a subsidiary of the Royal Bank of Canada.

ABOUT RBC
Royal Bank of Canada (RY on TSX and NYSE) and its subsidiaries operate under the master brand name RBC. We are Canada's largest bank as measured by assets and market capitalization, one of North America's leading diversified financial services companies and among the largest banks in the world, as measured by market capitalization. We provide personal and commercial banking, wealth management services, insurance, corporate and investment banking and transaction processing services on a global basis. We employ approximately 80,000 full- and part-time employees who serve more than 18 million personal, business, public sector and institutional clients through offices in Canada, the U.S. and 53 other countries. For more information, please visit www.rbc.com.

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Investor Relations contact:
Bill Anderson,
Director, Investor Relations,
william.anderson@rbc.com, 416-955-7804

Media Relations Contact:
Stephanie Lu,
Head, Media & Public Relations,
stephanie.lu@rbc.com, 416-974-5506 (within Toronto)
or 1-888-880-2173 (toll-free outside Toronto)

 



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08/27/2009 09:55:49