Subject to approval by the Board of Directors.
|Common and preferred shares series W, AA, AB, AC, AD, AE, AF, AG, AJ and AL, AN, AP, AR, AT, AV and AX||
For purposes of the enhanced dividend tax credit rules contained in the Income Tax Act (Canada) and any corresponding provincial and territorial tax legislation, all dividends (and deemed dividends) paid by the bank to Canadian residents on our common and preferred shares after December 31, 2005, are designated as "eligible dividends".
Unless stated otherwise, all dividends (and deemed dividends) paid by the bank hereafter are designated as "eligible dividends" for the purposes of such rules.
Royal Bank of Canada offers a Dividend Reinvestment Plan (the "Plan").
Under the Plan, common and preferred shareholders who reside in Canada and common shareholders in the United States may elect to have dividends paid on their shares reinvested in common shares of the bank. The bank determines whether the common shares are purchased on the secondary market or are newly-issued by the bank from treasury.
Under the Plan, the bank may offer a discount from the average market price (as defined in the Plan) on the reinvestment of dividends in additional common shares issued by the bank from treasury.
At this time, the bank has decided to purchase shares on the open market with no applicable discounts (as defined in the plan) and will continue to do so until further notice.
A description of the material attributes and characteristics of the bank's common shares can be found in the "Description of Capital Structure" section of the bank's Annual Information Form which is filed annually with the Canadian Securities Administrators and can be accessed on the bank's website, on SEDAR, the Canadian Securities Administrators' website and on the EDGAR section of the U.S. Securities Exchange Commission's website .
Registered common shareholders of record residing in Canada and the United Sates wishing to join the plan can obtain an enrolment form from the bank's plan agent, Computershare Trust Company of Canada, from their website at www.computershare.com/rbc
Eligible beneficial or non-registered holders of the bank's common and preferred shares must contact their financial intermediary or broker if they wish to participate in the plan.
For additional information on participation in the Plan, please write, phone, or fax the Transfer Agent:
Computershare Trust Company of Canada
Attention: Dividend Reinvestment Dept.
100 University Avenue, 9th Floor
Toronto, Ontario M5J 2Y1
Phone: 514-982-7888 or 1-866-586-7635