Royal Bank Of Canada (TSE:RY) has released an update.
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The Royal Bank of Canada has announced a normal course issuer bid to repurchase up to 30 million of its common shares. The bid, approved by the TSX and OSFI, will run from June 12, 2024, to June 11, 2025, or until all shares are repurchased. This strategic move is aimed at managing the bank’s capital efficiently while enhancing shareholder value.
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