TORONTO, January 20, 2012 — RBC Global Asset Management Inc. announced today that starting in January 2012, the cash distributions of the RBC Target Maturity Corporate Bond ETFs (RBC ETFs) will be paid out monthly instead of on a quarterly basis.
“Since launching the suite of RBC ETFs, we have continued in our efforts to improve the offering for investors,” said Cary Blake, vice-president, RBC Global Asset Management Inc. “As a result, we believe this change to the frequency of the distribution will more effectively meet the needs of Canadian investors, providing the certainty and comfort of a source for steady, regular, monthly income.”
For the months of January and February, the RBC Target Maturity Corporate Bond ETFs’ distributions will be as follows:
|FUND NAME||FUND TICKER||JANUARY/FEBRUARY 2012 CASH DISTRIBUTION PER UNIT ($)|
|RBC Target 2013 Corporate Bond ETF||RQA||$0.069|
|RBC Target 2014 Corporate Bond ETF||RQB||$0.067|
|RBC Target 2015 Corporate Bond ETF||RQC||$0.059|
|RBC Target 2016 Corporate Bond ETF||RQD||$0.062|
|RBC Target 2017 Corporate Bond ETF||RQE||$0.063|
|RBC Target 2018 Corporate Bond ETF||RQF||$0.072|
|RBC Target 2019 Corporate Bond ETF||RQG||$0.072|
|RBC Target 2020 Corporate Bond ETF||RQH||$0.068|
Unitholders of record on January 31, 2012 will receive the January distributions payable on February 6, 2012. The ex-dividend date will be January 27, 2012.
Unitholders of record on February 29, 2012 will receive the February distributions payable on March 6, 2012. The ex-dividend date will be February 27, 2012.
For further information regarding RBC ETFs, please visit rbcgam.com/etfs.
RBC Global Asset Management (RBC GAM) is the asset management division of Royal Bank of Canada (RBC), which includes institutional money managers Phillips, Hager & North Investment Management (PH&N), RBC Global Asset Management (U.S.) and BlueBay Asset Management. RBC GAM is a provider of global investment management services and solutions to individual, high net worth and institutional investors through mutual funds, pooled funds, hedge funds, segregated accounts and specialty investment strategies. RBC GAM group of companies manage approximately $250 billion in assets and have approximately 1,000 employees located across Canada, the United States, Europe and Asia.
RBC Global Asset Management is part of RBC Wealth Management, which is one of the world’s top 10 largest wealth managers. RBC Wealth Management directly serves affluent, high-net-worth and ultra high-net-worth clients in Canada, the United States, Latin America, Europe, the Middle East, Africa and Asia with a full suite of banking, investment, trust and other wealth management solutions. The business also provides asset management products and services directly and through RBC and third-party distributors to institutional and individual clients, through its RBC Global Asset Management business (which includes BlueBay Asset Management). RBC Wealth Management has more than C$525 billion of assets under administration, more than C$305 billion of assets under management and approximately 4,300 financial consultants, advisors, private bankers and trust officers.