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