TORONTO, December 18, 2012 — RBC Global Asset Management Inc. announced today estimated annual reinvested capital gains distributions for the 2012 tax year to unitholders of the RBC Target Maturity Corporate Bond ETFs. Unitholders of record on December 31, 2012 will receive the distributions payable on January 7, 2013. The ex-dividend date will be December 27, 2012.
The annual capital gains distributions for the RBC Target Maturity Corporate Bond ETFs will not be paid in cash, but will be reinvested and reported as a taxable distribution. The reinvested capital gains distributions will increase the unitholder’s adjusted cost base for the respective ETF.
For the 2012 tax year, the estimated annual reinvested capital gains distributions for the RBC Target Maturity Corporate Bond ETFs are:
|FUND NAME||Fund Ticker||Estimated Capital Gain Reinvested Distribution per Unit ($)||Percent of Dec. 15, 2012 NAV per unit|
|RBC Target 2013 Corporate Bond Index ETF||RQA||-||-|
|RBC Target 2014 Corporate Bond Index ETF||RQB||-||-|
|RBC Target 2015 Corporate Bond Index ETF||RQC||$0.0026||0.0130%|
|RBC Target 2016 Corporate Bond Index ETF||RQD||$0.0007||0.0035%|
|RBC Target 2017 Corporate Bond Index ETF||RQE||-||-|
|RBC Target 2018 Corporate Bond Index ETF||RQF||-||-|
|RBC Target 2019 Corporate Bond Index ETF||RQG||-||-|
|RBC Target 2020 Corporate Bond Index ETF||RQH||-||-|
|RBC Target 2021 Corporate Bond Index ETF||RQI||-||-|
Estimated annual reinvested capital gains distributions do not include monthly cash distributions, which are reported in a separate news release.
Possible changes to the estimated annual reinvested capital gains distributions The estimated annual reinvested capital gains distributions shown above could change if the RBC Target Maturity Corporate Bond ETFs experience subscriptions or redemptions prior to the December 27, 2012 ex-dividend date. We will issue an additional news release on December 27, 2012, which will provide the final amounts.
The actual taxable amounts of cash and reinvested distributions for 2012, including the tax characteristics of the distributions, will be reported to brokers (through CDS Clearing and Depository Services) in early 2013.
For further information regarding RBC ETFs, please visit www.rbcgam.com/etfs.
RBC Global Asset Management (RBC GAM) is the asset management division of Royal Bank of Canada (RBC), and includes institutional money managers BlueBay Asset Management, Phillips, Hager & North Investment Management and RBC Global Asset Management (U.S.). RBC GAM is a provider of global investment management services and solutions to individual, high-net-worth and institutional investors through exchange-traded funds, hedge funds, mutual funds, pooled funds, separate accounts and specialty investment strategies. RBC GAM group of companies manage more than $270 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$577 billion of assets under administration, more than C$339 billion of assets under management and approximately 4,300 financial consultants, advisors, private bankers and trust officers.