Royal Bank of Canada Launches Senior Note Program

On June 10, 2009, Royal Bank of Canada launched a continuous distribution program for structured notes constituting senior debt securities under its domestic short form base shelf prospectus dated September 14, 2007 as amended and restated April 30, 2009. This Senior Note Program qualifies the distribution of up to $2,000,000,000 of Senior Notes in each province and territory of Canada.

Debt securities that may be offered under the Senior Note Program include partially principal protected notes (PPNs) and principal at risk notes linked to one or more securities, indices, mutual funds, currencies, commodities or any other financial, economic and other measures or instruments. Return on the Senior Notes may be subject to a cap or floor and may be enhanced by a participation rate which may amplify, maintain or reduce the return on the Senior Notes.
Debt securities issued under the Senior Note Program will be offered by a syndicate of dealers led by RBC Dominion Securities Inc. and including National Bank Financial Inc. and Desjardins Securities Inc.

Royal Bank of Canada was represented in-house by Matthew Arnold and Alexander Wilson, and by Dawn Whittaker and Evelyn Li (securities) and Adrienne Oliver (tax) of Ogilvy Renault LLP.

The dealers were represented by Margaret McNee and Jennifer Parkin (securities) and Laura Stoddard (tax) of McMillan LLP.