Northwire Canada EditionFriday, July 17, 2026
Sign inSubscribe
Northwire
⌕
LUN 33.59 −2.5% NTR 94.27 −1.8% LALI 0.055 −8.3% SCD 0.170 +0.0% HWY 0.370 +0.0% FCI 0.385 +1.3% GGAU 0.180 −5.3% KIRO 0.650 +1.6% LBNK 0.430 +0.0% BARU 0.040 +0.0% VCU 1.09 −4.4% NOBL 0.095 −5.0% SHL 0.355 +0.0% MTS 0.130 +0.0% FYL 0.090 +0.0% NUAG 5.55 +1.8% LUN 33.59 −2.5% NTR 94.27 −1.8% LALI 0.055 −8.3% SCD 0.170 +0.0% HWY 0.370 +0.0% FCI 0.385 +1.3% GGAU 0.180 −5.3% KIRO 0.650 +1.6% LBNK 0.430 +0.0% BARU 0.040 +0.0% VCU 1.09 −4.4% NOBL 0.095 −5.0% SHL 0.355 +0.0% MTS 0.130 +0.0% FYL 0.090 +0.0% NUAG 5.55 +1.8%
Other

Royal Bank of Canada to redeem NVCC Non-Cumulative 5-Year Fixed Rate Reset First Preferred Shares, Series BR and NVCC AT1 Limited Recourse Capital Notes, Series 2

By The Northwire Desk — AI Analysis Dec 04, 2025 · 18:11 RY · 224.06 ROYAL BANK OF CANADA
RY · Price

Executive Summary

  • RBC announced it will redeem all outstanding NVCC Non‑Cumulative 5‑Year Fixed Rate Reset First Preferred Shares, Series BR, on January 24 2026 at $1,000 per share.
  • The redemption triggers automatic redemption of the associated NVCC AT1 Limited Recourse Capital Notes, Series 2 (due Feb 24 2081), for 100 % of principal plus accrued interest.
  • Total capital being redeemed equals approximately $1.25 billion, financed from RBC’s general corporate funds.

Key Details

  • Redemption price for each Series BR share: $1,000.00 (cash).
  • Payment date to shareholders: January 26 2026.
  • Number of Series BR shares outstanding: 1,250,000.
  • Principal amount of Series 2 AT1 notes outstanding: $1.25 billion.
  • Redemption of Series 2 LRCN will occur on the same date (Jan 24 2026) at 100 % of principal plus accrued interest up to, but not including, the redemption date.
  • Both redemptions are funded from RBC’s general corporate funds; no external financing required.

Notable Quotes

(No executive quotes were provided in the release.)

Read the original news release →

More from ROYAL BANK OF CANADA

Jun 23, 2026 · 10:00

RBC's Canucks sponsorship is expected brand spend; stock's +10% run into the print already prices in momentum, leaving little asymmetric upside from this routine marketing announcement.

M&A / Property Jun 23, 2026 · 06:11

When is the Perfect Time to Buy a Home? 64% of Canadians Say It Doesn't Exist: RBC Home Ownership Poll

Other Jun 17, 2026 · 16:37

RBC delivers record Capital Markets and strong wealth flows, but sequential earnings decline and steep price run cap near-term upside.

M&A / Property Jun 10, 2026 · 09:01

RBC expands FX footprint in Korea, but valuation is stretched into the print.

Regulatory Jun 09, 2026 · 08:05

Credit tailwinds and ROE delivery offset sequential earnings softening; market has largely priced in the momentum.

Other Jun 08, 2026 · 11:00

Sequential earnings dip offset by strong credit improvement and capital returns; interval fund launch is incremental product expansion.

Financings