Client Work Detail
matter
RBC Issues $400M of Series AJ First Preferred Shares
CLIENT
Royal Bank of Canada
DATE
September 16, 2008
EXPERTISE
Corporate Finance and Securities, Corporate and Commercial, Business Immigration and International Mobility
LAWYER(S)
On September 16, 2008, Royal Bank of Canada completed a "bought deal" public offering in Canada of Cdn. $400 million of Non-Cumulative, Five Year Rate Reset First Preferred Shares Series AJ. The shares were priced at $25.00 per share and holders will be entitled to receive non-cumulative quarterly fixed dividends for the initial period ending February 24, 2014 in the amount of $1.25 per share, to yield 5.0% annually.
Dawn Whittaker and Prosenjit Lahiry of Ogilvy Renault LLP represented RBC.
