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RY-T Royal Bank Of Canada ADRs of 6.750% Fixed Rate/Floating Rate Noncumulative First Preferred Series C-2

Noncumulative cash dividends in lawful currency of the United States of America on each share of Preferred Shares Series C-2 in the amounts specified below in this Section 3, and no more, payable quarterly in arrears on each February 7, May 7, August 7 and November 7. Dividends will accrue on the liquidation preference of U.S.$25 per share at a rate per annum equal to (i) 6.750%, for each Series C-2 Dividend Period from and including November 7, 2015 to, but excluding, November 7, 2023 and (ii) Three-month LIBOR plus 4.052%, for each Series C-2 Dividend Period from and including November 7, 2023. The Bank may redeem in whole or in part, from time to time, the Preferred Shares Series C-2 at the time outstanding, on any Series C-2 Dividend Payment Date on or after November 7, 2023, at a cash redemption price equal to U.S.$25 per share plus any declared and unpaid dividends to which the Holder of such share is entitled on the redemption date, without accumulation of any undeclared dividends, to but excluding the redemption date  This security was issued by Royal Bank Of Canada, whose common stock symbol is RY.

$25.35  +0.34 (1.36%)
As of 03/22/2023 11:19:51 EST     IEX book   CBOE book

Security Information
Category1:  US Equity
Category2:  Preferred stocks
Category3:  Non-convertible
GICS sector:  Financials
Industry:  Banks—Diversified
Index country:  Canada
Country of incorporation:  Canada
IPO date:  11/02/2015
Outstanding shares:  20,385
Average volume:  1,461
Market cap:   $516,760
Current dividend yield:  6.66%    calculation
Initial coupon rate:    6.750%
Spread to LIBOR: 0.045200
Cumulative:    No
Liquidation value:   $25.00
Callable after:   11/07/2023
Maturity date:    n/a - perpetual
Prospectus:    Read on SEC.gov
All SEC filings:   SEC Edgar Online
Annual filings:      40-F

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