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RBC to enter buyback agreement for 5 million shares

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RBC to enter buyback agreement for 5 million shares

Pursuant to an ongoing repurchase program, Royal Bank of Canada is entering into a buyback agreement with a third party for up to 5.0 million RBC common shares.

Between Oct. 16 and Oct. 30, the third party will buy RBC shares on the Canadian markets as needed and re-sell them to the issuer. RBC's purchase price will be at a discount to the prevailing market price at the time of purchase.