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RBC calls all Yorkville MLP Distribution Growth Leaders Liquid ETNs
By Marisa Wong
Morgantown, W.Va., Jan. 12 – Royal Bank of Canada announced it will redeem all of its exchange-traded notes due July 19, 2034 linked to the Yorkville MLP Distribution Growth Leaders Liquid PR index on Feb. 1.
The redemption price will be the call settlement value on Jan. 27 and will be paid to the ETN holders on the redemption date.
Daily repurchases of put notes will be accepted in the normal manner up to and including Jan. 19.
The last trading day for the ETNs is expected to be Jan. 20. The ETNs are listed on the NYSE Arca under the ticker symbol “YGRO.”
RBC said it expects to issue a notice of redemption via Depository Trust Co. on Friday.
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