Royal Bank of Canada to repurchase 45 million shares, enhancing shareholder value

Royal Bank of Canada received regulatory approval from the TSX and OSFI for a normal course issuer bid.

The bank will purchase and cancel up to 45 million common shares. This volume represents approximately 3.24% of the bank's outstanding common shares. This calculation reflects the share count as of May 29, 2026.

The share repurchase program begins on June 12, 2026. The program will conclude by June 11, 2027, unless completed earlier. RBC will execute purchases at market prices through the TSX, NYSE, and alternative Canadian systems.

The bank will establish an automatic share purchase plan to facilitate the program. This initiative provides flexibility to manage capital and enhance shareholder value.