Royal Bank of Canada (TSX:RY) announces a share repurchase program. Under the normal course issuer bid, the company will repurchase up to 35,000,000 common shares, representing 2.48% of its issued share capital. The purpose of the bid is to provide flexibility to manage the Bank's capital position while generating shareholder value.
The repurchased shares will be cancelled. The bid will continue until June 11, 2026, when the bid expires, or such earlier date as the bank may complete its purchases. As at May 30, 2025, the company had 1,410,582,716 common shares issued and outstanding.
