Business
Royal Bank of Canada to redeem NVCC Non-Cumulative 5-Year Fixed Rate Reset First Preferred Shares, Series BQ and NVCC AT1 Limited Recourse Capital Notes, Series 1
Royal Bank of Canada to redeem NVCC Non-Cumulative 5-Year Fixed Rate Reset First Preferred Shares...
About this update from Royal Bank Of Canada
[{"type":"text","content":"\n\n\n\n Royal Bank of Canada to redeem NVCC Non-Cumulative 5-Year Fixed Rate Reset First Preferred Shares, Series BQ and NVCC AT1 Limited Recourse Capital Notes, Series 1\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n TORONTO\n \n\n ,\n \n\n Sept. 8, 2025\n \n\n /CNW/ - Royal Bank of\n \n Canada\n \n (TSX: RY) (NYSE: RY) today announced its intention to redeem all of its issued and outstanding Non-Viability Contingent Capital (NVCC) Non-Cumulative 5-Year Fixed Rate Reset First Preferred Shares, Series BQ (Series BQ Shares) on\n \n October 24, 2025\n \n , for cash at a redemption price of\n \n $1,000\n \n .00 per share to be paid on\n \n October 24, 2025\n \n .\n \n\n\n\n\n\n\n\n\n As a result of the redemption of the Series BQ Shares, all outstanding NVCC Additional Tier 1 (AT1) 4.50 per cent Limited Recourse Capital Notes, Series 1 due\n \n November 24, 2080\n \n (Series 1 LRCN) will be automatically redeemed on the date of redemption of the Series BQ Shares for 100 per cent of their principal amount plus accrued interest to, but excluding, the redemption date. The redemption will occur on October 24, 2025.\n \n\n There are 1,750,000 Series BQ Shares outstanding. The current principal amount of Series 1 LRCN outstanding is\n \n $1.75 billion\n \n . The Series BQ Shares and Series 1 LRCN represent\n \n $1.75 billion\n \n of capital. The redemptions will be financed out of the general corporate funds of Royal Bank of\n \n Canada\n \n .\n \n\n\n For further information, please contact:\n \n\n\n\n Investor Contact:\n \n\n\n Asim Imran\n \n , Investor Relations,\n \n\n [email protected]\n \n\n , 416-955-7804\n \n\n\n Media Contact:\n \n\n\n Tracy Tong\n \n , Financial Communications,\n \n\n [email protected]\n \n\n , 437-655-1915\n \n\n SOURCE Royal Bank of\n \n Canada\n \n\n\n\n\n\n\n View original content to download multimedia:\n \n http://www.newswire.ca/en/releases/archive/September2025/08/c9381.html\n \n\n\n\n\n","length":4477,"tagName":"div"}]