Business
Royal Bank of Canada to redeem NVCC Non-Cumulative 5-Year Rate Reset First Preferred Shares, Series BF
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 BF\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 Rate Reset First Preferred Shares, Series BF (Series BF shares) (TSX: RY.PR.M) on\n \n November 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 November 24, 2025\n \n .\n \n\n\n\n\n\n\n\n\n There are 12,000,000 Series BF shares outstanding, representing\n \n $300 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 $0.1875\n \n for each of the Series BF shares will be paid separately from the redemption price for each of the Series BF Shares and in the usual manner on\n \n November 24, 2025\n \n to shareholders of record at the close of business on\n \n October 27, 2025\n \n . After such dividend payments, the holders of Series BF 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 Tracy Tong\n \n , Financial Communications,\n \n [email protected],\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/c7043.html\n \n\n\n\n\n","length":4277,"tagName":"div"}]