TORONTO: Royal Bank of Canada ("RY" on TSX and NYSE) today announced its intention, subject to the approval of the Office of the Superintendent of Financial Institutions ("OSFI") and the Toronto Stock Exchange, to commence a normal course issuer bid through the facilities of the Toronto Stock Exchange and to repurchase for cancellation up to 20 million of its common shares, representing approximately 1.3 per cent of the bank's outstanding common shares as at May 20, 2016
. On May 20, 2016
, there were 1,488,261,713 common shares outstanding.
ISLAMABAD -- The total liquid foreign reserves held by the country stood at US$21,611.7 million on May 20, 2016
Winners will be selected at random from all correct entries received by Friday, May 20, 2016
The dividend is payable May 20, 2016
to shareholders of record as of the close of business on May 16, 2016.
The webcast will be archived on www.oksb.com beginning one hour after the call and will remain accessible until May 20, 2016
. A replay of the conference call can be accessed via telephone by dialing 877-344-7529 (toll-free) or 412-317-0088 (international) and entering conference number 10083475.
The cash dividend will be distributed to member financial institutions on May 20, 2016
. The dollar amount of the dividend will be nearly USD61.5m.