TORONTO, December 18, 2013 – RBC Global Asset Management Inc. announced today annual reinvested capital gains distributions for the 2013 tax year to unitholders of the RBC Target Maturity Corporate Bond ETFs. Unitholders of record on December 31, 2013 will receive the 2013 reinvested distributions. The ex-dividend date is December 27, 2013.
The annual capital gains distributions for the RBC Target Maturity Corporate Bond ETFs generally represent realized capital gains within the ETFs and 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 2013 tax year, the annual reinvested capital gains distributions for the RBC Target Maturity Corporate Bond ETFs are:
|Fund Name||Fund Ticker||Cash Distribution per unit ($)|
|RBC Target 2014 Corporate Bond Index ETF||RQB||0.0|
|RBC Target 2015 Corporate Bond Index ETF||RQC||0.0|
|RBC Target 2016 Corporate Bond Index ETF||RQD||0.0|
|RBC Target 2017 Corporate Bond Index ETF||RQE||0.009209|
|RBC Target 2018 Corporate Bond Index ETF||RQF||0.0|
|RBC Target 2019 Corporate Bond Index ETF||RQG||0.002135|
|RBC Target 2020 Corporate Bond Index ETF||RQH||0.0|
|RBC Target 2021 Corporate Bond Index ETF||RQI||0.0|
Please note the above annual reinvested capital gains distributions do not include the monthly cash distributions for December 2013, which are reported in a separate news release.
The actual taxable amounts of cash and reinvested distributions for 2013, including the tax characteristics of the distributions, will be reported to brokers (through CDS Clearing and Depository Services) in early 2014.
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 $290 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$615 billion of assets under administration, more than C$373 billion of assets under management and over 4,400 financial consultants, advisors, private bankers, and trust officers. For more information, please visit www.rbcwealthmanagement.com.
*Scorpio Partnership Global Private Banking KPI Benchmark 2013. In the United States, securities are offered through RBC Wealth Management, a division of RBC Capital Markets, LLC, a wholly owned subsidiary of Royal Bank of Canada. Member NYSE/FINRA/SIPC.