RBC announces redemption of trust preferred securities

TORONTO, Aug. 27 /PRNewswire-FirstCall/ - Three subsidiary trusts of RBC
Bancorporation (USA) have given notice that each subsidiary trust will redeem
all of its outstanding trust preferred securities. RBC Bancorporation (USA) is
the successor by merger to the three subsidiary trusts announcing the
redemptions.
On September 30, 2009, Alabama National Statutory Trust III will redeem all of
the US$20 million of its outstanding Floating Rate Trust Preferred Securities
at PAR with accrued interest.
On October 13, 2009, Centura Capital Trust I will redeem all of the
approximately US$94 million of its 8.845 per cent Trust Preferred Securities
outstanding at a price of 103.538 plus accrued interest from the last interest
payment date.
The paying agent for these redemptions is US Bank National Association.
On October 13, 2009, Triangle Capital Trust I will redeem all of the US$20
million of its outstanding 9.375 per cent Trust Preferred Securities at a
price of 103.750 plus accrued interest from the last interest payment date.
The paying agent for this redemption is Deutsche Bank National Trust Company.
RBC Bancorporation (USA) is a subsidiary of the Royal Bank of Canada.

ABOUT RBC

Royal Bank of Canada (RY on TSX and NYSE) and its subsidiaries operate under
the master brand name RBC. We are Canada's largest bank as measured by assets
and market capitalization, one of North America's leading diversified
financial services companies and among the largest banks in the world, as
measured by market capitalization. We provide personal and commercial banking,
wealth management services, insurance, corporate and investment banking and
transaction processing services on a global basis. We employ approximately
80,000 full- and part-time employees who serve more than 18 million personal,
business, public sector and institutional clients through offices in Canada,
the U.S. and 53 other countries. For more information, please visit
www.rbc.com.

SOURCE RBC

Investor Relations contact: Bill Anderson, Director, Investor Relations,
william.anderson@rbc.com, (416) 955-7804; Media Relations Contact: Stephanie
Lu, Head, Media Public Relations, stephanie.lu@rbc.com, (416) 974-5506
(within Toronto) or 1-888-880-2173 (toll-free outside Toronto)