TORONTO, Dec. 8, 2014 /CNW/ - This press release is issued, jointly, by
RBC Dominion Securities Inc. and RBC Private Counsel (USA) Inc., both
wholly-owned, indirect subsidiaries of Royal Bank of Canada (together,
the "Offeror"), pursuant to the early warning requirements of applicable securities
legislation and National Instrument 62-103 with respect to units of
Advantaged Preferred Shares Trust (the "Company").
Between March 1, 2012 and March 31, 2012, the Offeror had acquired a net
total of 6,400 units of the Company, resulting in the Offeror having
control or direction over 247,296 units of the Company as of March 31,
2012, representing approximately 10.07 per cent of the outstanding
units of the Company (based on the number of outstanding units of the
Company at that time). Between April 1, 2012 and December 4, 2014, the
Offeror acquired an additional net total 85,585 units of the Company,
resulting in the Offeror having control or direction over 332,881 units
of the Company as of December 4, 2014, representing 17.29 per cent of
the outstanding units of the Company.
The units acquired between March 1, 2012 and March 31, 2012 through
ordinary course trading were acquired by the Offeror on the Toronto
Stock Exchange for an average price of approximately $22.94 per unit of
the Company.
The units acquired between April 1, 2012 and December 4, 2014 through
ordinary course trading were acquired by the Offeror on the Toronto
Stock Exchange for an average price of approximately $22.08 per unit of
the Company.
The Offeror exercises control or direction, but not ownership, over all
of the units of the Company referred to above on behalf of client
accounts over which it has discretionary trading authority.
The Offeror acquired units of the Company in several transactions in the
ordinary course of business, for investment purposes only and not for
the purpose of exercising control or direction over the Company. The
Offeror may from time to time, on its own behalf or on behalf of client
accounts, acquire additional units of the Company, dispose of some or
all of the existing or additional units or may continue to hold the
units.
A copy of the early warning report filed under applicable Canadian
provincial securities legislation in connection with this acquisition
is available under the Company's profile on the SEDAR website at www.sedar.com.
SOURCE RBC
