Key Developments: Royal Bank of Canada (RY_pw.TO)

RY_pw.TO on Toronto Stock Exchange

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1 Jun 2015
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Latest Key Developments (Source: Significant Developments)

Royal Bank of Canada announces NVCC subordinated debenture issue
Friday, 29 May 2015 02:17pm EDT 

Royal Bank of Canada:Says offering of $1 billion of subordinated debentures through its canadian medium term note program.Notes bear interest at a fixed rate of 2.48 per cent per annum (paid semi-annually) until June 4, 2020.Net proceeds from this transaction will be used for general business purposes.  Full Article

Royal Bank of Canada declares quarterly common share dividend
Thursday, 28 May 2015 06:01am EDT 

Royal Bank of Canada:Declares quarterly common share dividend of 77 cents per share.Payable on and after Aug. 24, to common shareholders of record at the close of business on July 27.  Full Article

Royal Bank of Canada to sell its Suriname banking operations
Wednesday, 1 Apr 2015 08:00am EDT 

Royal Bank of Canada:Has entered into definitive agreement to sell RBC Royal Bank (Suriname) N.V. (RBC Suriname) to Republic Bank Ltd, subject to customary closing conditions, including regulatory approvals.While financial terms of transaction were not disclosed purchase price about reflects book value of RBC Suriname.  Full Article

Royal Bank of Canada closes $300 mln NVCC preferred share offering
Friday, 13 Mar 2015 08:32am EDT 

Royal Bank of Canada:Closes domestic public offering of Non-Cumulative, 5-Year Rate Reset Preferred Shares Series BF.Says it has issued 12 mln Preferred Shares Series BF at a price of $25 per share to raise gross proceeds of $300 mln.Offering was underwritten by a syndicate led by RBC Capital Markets.Preferred Shares Series BF will commence trading on the Toronto Stock Exchange today under the ticker symbol RY.PR.M.  Full Article

Royal Bank of Canada announces NVCC Preferred Share Issue
Thursday, 5 Mar 2015 09:27am EST 

Royal Bank of Canada:Says domestic public offering of Non-Cumulative, 5-Year Rate Reset Preferred Shares Series BF.Royal Bank of Canada will issue 12 million Preferred Shares Series BF priced at $25 per share to raise gross proceeds of $300 million.The bank has granted the Underwriters an option, exercisable in whole or in part, to purchase up to an additional 2 million Preferred Shares Series BF at the same offering price.The Preferred Shares Series BF will yield 3.60 per cent annually, payable quarterly, as and when declared by the Board of Directors of Royal Bank of Canada, for the initial period ending November 24, 2020.Thereafter, the dividend rate will reset every five years at a rate equal to 2.62 per cent over the 5-year Government of Canada bond yield.The offering will be underwritten by a syndicate led by RBC Capital Markets.The expected closing date is March 13.  Full Article

Royal Bank of Canada announces quarterly common share dividend
Wednesday, 25 Feb 2015 06:01am EST 

Royal Bank of Canada:Increases to quarterly common share dividend of two cents per share, or three per cent, to 77 cents per share.Payable on and after May 22 of record at the close of business on April 23.  Full Article

Royal Bank of Canada announces closing of $600 mln NVCC Preferred Share offering
Friday, 30 Jan 2015 08:40am EST 

Royal Bank of Canada:Closed its domestic public offering of Non-Cumulative, 5-Year Rate Reset Preferred Shares Series BD.Royal Bank of Canada issued 24 million Preferred Shares Series BD at a price of $25 per share to raise gross proceeds of $600 mln.The offering was underwritten by a syndicate led by RBC Capital Markets.The Preferred Shares Series BD will commence trading on the Toronto Stock Exchange today under the ticker symbol RY.PR.J.  Full Article

Royal Bank of Canada announces increase to NVCC preferred share issue
Monday, 26 Jan 2015 02:48pm EST 

Royal Bank of Canada:Says 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 BD, the size of the offering has been increased to 24 mln shares.Gross proceeds of the offering will now be $600 mln.Offering will be underwritten by a syndicate led by RBC Capital Markets. The expected closing date is Jan. 30, 2015.Net proceeds from this transaction will be used for general business purposes.  Full Article

City National Corp to be acquired by Royal Bank of Canada
Thursday, 22 Jan 2015 07:00am EST 

City National Corp:Says a definitive agreement by which Royal Bank of Canada will acquire all outstanding shares of City National Corp.Total consideration is valued at about $5.4 billion at announcement, or about $93.80 per City National share, comprised of a mix of cash and common stock, based on RBC's closing stock price on Jan. 21.The agreement has been approved by the boards of both companies.Following completion of this transaction, Goldsmith will remain Chairman and CEO of City National, and he also will be responsible for RBC's U.S. Wealth Management unit.Closing is expected before the end of calendar 2015.Bank of America Merrill Lynch and Sandler O'Neill + Partners, L.P. served as financial advisors to City National.Wachtell, Lipton, Rosen & Katz served as legal advisor to City National. RBC Capital Markets, LLC and J.P. Morgan Securities LLC served as financial advisors.Sullivan & Cromwell LLP and Osler, Hoskin & Harcourt LLP served as legal advisors to Royal Bank of Canada in this transaction.  Full Article

Royal Bank of Canada declares dividends
Wednesday, 3 Dec 2014 06:01am EST 

Royal Bank of Canada:Says a quarterly common share dividend of 75 cents per share, payable on and after Feb. 24, 2015, to common shareholders of record at the close of business on Jan. 26, 2015.Also says dividends on the following non-cumulative First Preferred Shares, payable on and after Feb. 24, 2015, to shareholders of record at the close of business on Jan. 26, 2015.Series W, Dividend No. 40 of $0.30625 per share.Series AA, Dividend No. 36 of $0.278125 per share.Series AB, Dividend No. 34 of $0.29375 per share.Series AC, Dividend No. 33 of $0.2875 per share.Series AD, Dividend No. 32 of $0.28125 per share.Series AE, Dividend No. 32 of $0.28125 per share.Series AF, Dividend No. 31 of $0.278125 per share.Series AG, Dividend No. 31 of $0.28125 per share.Series AJ, Dividend No. 25 of $0.22 per share.Series AK, Dividend No. 4 of $0.176942 per share.Series AL, Dividend No. 25 of $0.26625 per share.Series AZ, Dividend No. 4 of $0.25 per share.Series BB, Dividend No. 3 of $0.24375 per share.  Full Article

UPDATE 3-RBC profit tops expectations on domestic banking, capital markets

TORONTO, May 28 - Royal Bank of Canada, the country's top lender, posted a stronger-than-expected quarterly profit on Thursday, helped by growth in its domestic banking and capital markets divisions.

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