Royal Bank of Canada Plans to Redeem Preferred Shares and AT1 Notes in 2026

Royal Bank of Canada plans to redeem all issued and outstanding Non-Viability Contingent Capital (NVCC) Non-Cumulative 5-Year Fixed Rate Reset First Preferred Shares, Series BR, and NVCC Additional Tier 1 (AT1) 4.00% Limited Recourse Capital Notes, Series 2, due February 24, 2081. The redemptions, totaling $1.25 billion of capital, will be financed from the bank's general corporate funds. The preferred shares and AT1 notes will be redeemed on January 24, 2026, and January 26, 2026, respectively.