Royal Bank of Canada announces results of conversion privileges of NVCC Non-Cumulative 5-Year Rate Reset First Preferred Shar...

Date : 05/14/2019 @ 1:46PM
Source : PR Newswire (Canada)
Stock : Royal Bank of Canada (RY)
Quote : 104.47  0.22 (0.21%) @ 8:14PM
Royal Bank of Canada share price Chart

Royal Bank of Canada announces results of conversion privileges of NVCC Non-Cumulative 5-Year Rate Reset First Preferred Shar...

Royal Bank of Canada (TSX:RY)
Historical Stock Chart

3 Months : From Apr 2019 to Jul 2019

Click Here for more Royal Bank of Canada Charts.

TORONTO, May 14, 2019 /CNW/ - Royal Bank of Canada (RY on TSX and NYSE) today announced that, during the conversion notice period which ran from April 24, 2019 to May 9, 2019, 647,939 Non-Viability Contingent Capital (NVCC) Non-Cumulative 5-Year Rate Reset First Preferred Shares, Series AZ (the "Series AZ shares") were elected for conversion, on a one-for-one basis, into NVCC Non-Cumulative Floating Rate First Preferred Shares, Series BA (the "Series BA shares"). As per the conditions set out in the prospectus supplement dated January 23, 2014, since less than 1,000,000 Series BA shares would be outstanding after May 24, 2019, holders of Series AZ shares will not be entitled to convert their shares into Series BA shares. As a result, Series BA shares will not be issued at this time.

On May 24, 2019, Royal Bank of Canada will have 20,000,000 Series AZ shares issued and outstanding. The Series AZ shares are currently listed on the Toronto Stock Exchange under the symbol RY.PR.Z.

SOURCE Royal Bank of Canada

Copyright 2019 Canada NewsWire

Latest TSX:RY Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....


No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts
Your Recent History
TSX
BCE
BCE Inc
TSX
IVN
Ivanhoe Mi..
FX
CADUSD
Canadian D..
USOTC
XUII
Xumanii In..
FX
EURCAD
Euro vs Ca..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:ca D:20190716 19:30:01