|
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
|
| |||||||||||||||||||||||||||||
|
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
RBC Capital Markets, LLC BROOKFIELD PLACE 200 VESEY STREET NEW YORK, NY 10281 |
X | |||
RBC Municipal Products, Inc. 3 WORLD FINANCIAL CENTER 200 VESEY STREET NEW YORK, NY 10281 |
X | |||
ROYAL BANK OF CANADA ROYAL BANK PLAZA 200 BAY STREET TORONTO, A6 M5J2J5 |
X |
/s/ John Penn 1 | 08/28/2017 | |
**Signature of Reporting Person | Date | |
/s/ Joseph Huesman | 08/28/2017 | |
**Signature of Reporting Person | Date | |
/s/ John Penn 2 | 08/28/2017 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | This statement is jointly filed by Royal Bank of Canada ("RBC"), RBC Municipal Products, LLC (the successor by conversion of RBC Municipal Products, Inc.) ("MPI") and RBC Capital Markets, LLC ("RBCCM"). RBC holds an indirect interest in the securities listed in Table I (the "Securities") by virtue of its indirect 100% ownership of its subsidiaries RBCCM and MPI. |
(2) | The 75 Variable Rate Muni Term Preferred Shares ("VMTP Shares") acquired on June 1, 2017 were directly held by RBCCM, which is a wholly owned indirect subsidiary of RBC, and were transferred to MPI on July 3, 2017. MPI is the beneficial owner of 1,301 VMTP Shares which were previously deposited by MPI with The Bank of New York Mellon, as trustee of RBC Taxable TOB Trust, Series E-52, a Delaware trust that is a tender option bond financing trust (the "TOB") along with the 75 VMTP shares acquired by MPI which were deposited into the TOB on July 3, 2017. MPI is the beneficial owner of 1,376 VMTP Shares through its ownership of the residual certificates issued by the TOB. MPI also holds the right to dissolve the TOB, dispose of the 1,376 VMTP Shares and direct certain voting and consent rights on such VMTP Shares. |
(3) | Each reporting person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) of the US Securities Exchange Act of 1934 or any other purpose, (i) acting (or has agreed or is agreeing to act together with any other person) as a partnership, limited partnership, syndicate or other group for the purpose of acquiring, holding or disposing of securities of the Issuer or otherwise with respect to the Issuer or any securities of the Issuer or (ii) a member of any group with respect to the Issuer or any securities of the Issuer. |
Remarks: The original Form 4 filed on June 5, 2017 is amended by this Form 4 amendment to reflect the transfer of 75 VMTP Shares on July 3, 2017 from RBCCM to MPI and then into the TOB. Exhibits Index Exhibit 99.1 - Joint Filing Agreement Exhibit 99.2 - Joint Filer Information |