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Royal Bank of Canada to redeem NVCC Non-Cumulative 5-Year Rate Reset First Preferred Shares, Series BD
Royal Bank of Canada to redeem NVCC Non-Cumulative 5-Year Rate Reset First Preferred Shares, Seri...
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 Rate Reset First Preferred Shares, Series BD\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 April 15, 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 Rate Reset First Preferred Shares, Series BD (Series BD shares) (TSX: RY.PR.J) on\n \n May 24, 2025\n \n , for cash at a redemption price of\n \n $25.00\n \n per share to be paid on\n \n May 26, 2025\n \n .\n \n\n\n\n\n\n\n\n\n There are 24,000,000 Series BD shares outstanding, representing\n \n $600 million\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 The final quarterly dividend of\n \n $0.20\n \n for each of the Series BD shares will be paid separately from the redemption price for each of the Series BD Shares and in the usual manner on\n \n May 23, 2025\n \n to shareholders of record at the close of business on\n \n April 24, 2025\n \n . After such dividend payments, the holders of Series BD shares will cease to be entitled to dividends.\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 [email protected]\n \n , 416-955-7804\n \n\n\n Media contact:\n \n\n\n Gillian McArdle\n \n , Financial Communications,\n \n\n [email protected]\n \n\n , 416-842-4231\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/April2025/15/c5160.html\n \n\n\n\n\n","length":4261,"tagName":"div"}]