Canada NewsWire
TORONTO, Nov. 2, 2018
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED
STATES/
TORONTO, Nov. 2, 2018 /CNW/ - Royal Bank of Canada (RY on TSX and NYSE) today announced it has closed its domestic public offering of Non-Cumulative,
5-Year Rate Reset Preferred Shares Series BO. Royal Bank of Canada issued 14 million Preferred
Shares Series BO at a price of $25.00 per share to raise gross proceeds of $350 million.
The offering was underwritten by a syndicate led by RBC Capital Markets. The Preferred Shares Series BO will commence trading
on the Toronto Stock Exchange today under the ticker symbol RY.PR.S.
The Preferred Shares Series BO were issued under a prospectus supplement dated October 29, 2018
to the bank's short form base shelf prospectus dated January 30, 2018.
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 Royal Bank of Canada
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