(November 30 – 15:10 ET) – Royal Bank has filed a preliminary prospectus with securities regulatory authorities in Canada and with the Securities and Exchange Commission in the United States in connection with a proposed issue of common shares.
The issue of the Common Shares will be underwritten by a syndicate led by RBC Dominion Securities Inc.
The purpose of the proposed issue of common shares is to enlarge the bank’s capital base. Proceeds of the issue will be added to the Bank’s general funds and will be utilized for general banking purposes.
A registration statement relating to the common shares has been filed with the United States Securities and Exchange Commission but has not yet become effective. The common shares may not be sold nor may offers to buy common shares be accepted prior to the time that the registration statement becomes effective.
-IE Staff
Royal Bank to issue common shares 30/11/00
Files with regulatory authorities in Canada and the U.S.
- By: IE Staff
- November 30, 2000 November 30, 2000
- 15:10
IE Staff