TORONTO, February 19, 2013 - Royal Bank of Canada ("RBC") assumed the obligations of Ally Credit Canada Limited ("ACCL") as seller and servicer of all securitized receivables in which Canadian Capital Auto Receivables Asset Trust II ("CCARAT II") currently has an interest on February 1, 2013. Attached is a press release issued by CCARAT II providing additional details regarding the completed transaction.
Effective today, the monthly Portfolio Reports of all Series of Notes outstanding that were issued by CCARAT II (specifically, the Series 2011-1, Series 2011-2, and Series 2012-1) will now be filed with CCARAT II's other public filings on www.sedar.com .
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For further information, please contact:
Robert Colangelo, Associate Director, Investor Relations,
RBC, 416 955-2049
Tanis Feasby, Director, Financial Communications,
RBC 416 955-5172