Canada NewsWire
TORONTO, Oct. 25, 2018
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED
STATES/
TORONTO, Oct. 25, 2018 /CNW/ - Royal Bank of Canada (RY on TSX and NYSE) today announced that as a result of strong investor demand for its previously
announced domestic public offering of Non-Cumulative, 5-Year Rate Reset Preferred Shares Series BO, the size of the offering has
been increased to 14 million shares. The gross proceeds of the offering will now be $350 million.
The offering will be underwritten by a syndicate led by RBC Capital Markets. The expected closing date is November 2, 2018.
We routinely undertake funding transactions to maintain strong capital ratios and a cost effective capital structure. Net
proceeds from this transaction will be used for general business purposes.
The Preferred Shares Series BO have not been and will not be registered in the United States
under the United States Securities Act of 1933, as amended (the "Securities Act"), or the securities laws of any state of
the United States and may not be offered, sold or delivered, directly or indirectly in
the United States or to, or for the account or benefit of, a "U.S. person" (as defined in
Regulation S under the Securities Act) absent registration under the Securities Act or an applicable exemption from such
registration requirements. This press release does not constitute an offer to sell or a solicitation to buy securities in
the United States or in any other jurisdiction where such offer or solicitation would be
unlawful.
SOURCE RBC
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