10:44 AM EST - Royal Bank : plans to raise $200 million in a public offering of preferred shares. Royal said it will issue eight million Series AP preferred shares at $25 per share, with proceeds to be used for ''general business purposes.'' Holders will be entitled to a non-cumulative quarterly fixed dividend of $1.5625 per share for the initial period ending Feb. 24, 2014, yielding 6.25 per cent annually. Royal Bank
shares T.RY are trading up 6 cents at $37.27.
