TORONTO, December 20, 2018 – RBC Global Asset Management Inc. today announced the estimated 2018 annual reinvested capital gains distributions for unitholders of RBC ETFs.

Unitholders of record as of December 31, 2018, will receive the 2018 reinvested capital gains.

The annual capital gains distributions for RBC 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.

The estimated 2018 annual reinvested capital gains distributions for the RBC ETFs are:

FUND NAME	FUND TICKER	ESTIMATED CAPITAL GAIN  REINVESTED
RBC 1-5 Year Laddered Canadian Bond ETF	RLB	$0.0000
RBC 1-5 Year Laddered Corporate Bond ETF	RBO	$0.0000
RBC 6-10 Year Laddered Canadian Corporate Bond ETF	RMBO	$0.0000
RBC Target 2019 Corporate Bond Index ETF	RQG	$0.0000
RBC Target 2020 Corporate Bond Index ETF	RQH	$0.0000
RBC Target 2021 Corporate Bond Index ETF	RQI	$0.0000
RBC Target 2022 Corporate Bond Index ETF	RQJ	$0.0000
RBC Target 2023 Corporate Bond Index ETF	RQK	$0.0000
RBC Target 2024 Corporate Bond Index ETF	RQL	$0.0000
RBC Target 2025 Corporate Bond Index ETF	RQN	$0.0000
RBC PH&N Short Term Canadian Bond ETF	RPSB	$0.0000
RBC Canadian Short Term Bond Index ETF	RCSB	$0.0000
RBC Canadian Bond Index ETF	RCUB	$0.0000
RBC Short Term U.S. Corporate Bond ETF	RUSB	$0.0000
RBC Short Term U.S. Corporate Bond ETF (USD Units)*	RUSB.U	$0.0000
RBC Global Government Bond (CAD Hedged) Index ETF	RGGB	$0.0000
RBC BlueBay Global Diversified Income (CAD Hedged) ETF	RBDI	$0.0000
RBC Canadian Preferred Share ETF	RPF	$0.0000
RBC Quant Canadian Dividend Leaders ETF	RCD	$0.0031
RBC Quant Canadian Equity Leaders ETF	RCE	$0.4187
RBC Canadian Equity Index ETF	RCAN	$0.2419
RBC Vision Women’s Leadership MSCI Canada Index ETF	RLDR	$0.1320
RBC Canadian Bank Yield Index ETF	RBNK	$0.0132
RBC Quant U.S. Dividend Leaders ETF	RUD	$3.1162
RBC Quant U.S. Dividend Leaders ETF (USD Units)*	RUD.U	$2.3320
RBC Quant U.S. Dividend Leaders (CAD Hedged) ETF	RUDH	$1.6201
RBC U.S. Banks Yield Index ETF	RUBY	$0.0000
RBC U.S. Banks Yield Index ETF (USD Units)*	RUBY.U	$0.0000
RBC U.S. Banks Yield (CAD Hedged) Index ETF	RUBH	$0.0000
RBC Quant U.S. Equity Leaders ETF	RUE	$3.4951
RBC Quant U.S. Equity Leaders ETF (USD Units)*	RUE.U	$2.6140
RBC Quant U.S. Equity Leaders (CAD Hedged) ETF	RUEH	$4.7959
RBC U.S. Equity Index ETF	RUSA	$0.2083
RBC Quant European Dividend Leaders ETF	RPD	$0.9049
RBC Quant European Dividend Leaders ETF (USD Units)*	RPD.U	$0.6770
RBC Quant European Dividend Leaders (CAD Hedged) ETF	RPDH	$1.3783
RBC Quant EAFE Dividend Leaders ETF	RID	$0.1691
RBC Quant EAFE Dividend Leaders ETF (USD Units)*	RID.U	$0.1270
RBC Quant EAFE Dividend Leaders (CAD Hedged) ETF	RIDH	$0.4268
RBC Quant EAFE Equity Leaders ETF	RIE	$0.8498
RBC Quant EAFE Equity Leaders ETF (USD Units)*	RIE.U	$0.6360
RBC Quant EAFE Equity Leaders (CAD Hedged) ETF	RIEH	$4.6908
RBC International Equity Index ETF	RINT	$0.1374
RBC Quant Emerging Markets Dividend Leaders ETF	RXD	$0.0000
RBC Quant Emerging Markets Dividend Leaders ETF (USD Units)*	RXD.U	$0.0000
RBC Quant Emerging Markets Equity Leaders ETF	RXE	$0.0000
RBC Quant Emerging Markets Equity Leaders ETF (USD units)*	RXE.U	$0.0000
RBC Emerging Markets Equity Index ETF	REEM	$0.1689
RBC Strategic Global Dividend Leaders ETF	RLD	$0.9445
RBC Strategic Global Equity Leaders ETF	RLE	$1.7192
RBC Quant Global Real Estate Leaders ETF	RGRE	$1.1097
RBC Quant Global Real Estate Leaders ETF (USD Units)*	RGRE.U	$0.8300
RBC Quant Global Infrastructure Leaders ETF	RIG	$0.0000
RBC Quant Global Infrastructure Leaders ETF (USD Units)*	RIG.U	$0.0000

* Capital gain distribution per unit ($) amounts are USD for RUSB.U, RUD.U, RUBY.U, RUE.U, RPD.U, RID.U, RIE.U, RXD.U, RXE.U, RGRE.U and RIG.U 

Please note that the above annual reinvested capital gains distributions do not include the monthly cash distributions for December 2018, which are reported separately.

For further information regarding RBC ETFs, please visit www.rbcgam.com/etfs.

The actual taxable amounts of cash and reinvested distributions for 2018, including the tax characteristics of the distributions, will be reported to brokers (through CDS Clearing and Depository Services) in early 2019. Distribution estimates are only approximations, are not guaranteed and are subject to change prior to the final distribution date. Distribution estimates do not denote the yield a client may receive. All values are expressed in Canadian dollars, unless otherwise indicated. Totals may not sum due to rounding. The year-end distribution estimates are provided by RBC Global Asset Management Inc. and are for information purposes only. They do not reflect final attributions for tax purposes. For more information, please speak with your investment advisor.

Commissions, management fees and expenses all may be associated with investments in exchange-traded funds (ETFs). Please read the applicable prospectus or ETF Facts document before investing. ETFs are not guaranteed, their values change frequently and past performance may not be repeated. ETF units are bought and sold at market price on a stock exchange and brokerage commissions will reduce returns. RBC ETFs do not seek to return any predetermined amount at maturity. Index returns do not represent RBC ETF returns. RBC ETFs are managed by RBC Global Asset Management Inc., which is a member of the RBC GAM group of companies and an indirect wholly-owned subsidiary of Royal Bank of Canada.

About RBC Global Asset Management

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 and Phillips, Hager & North Investment Management. RBC GAM is a provider of global investment management services and solutions to institutional, high-net-worth and individual investors through separate accounts, pooled funds, mutual funds, hedge funds, exchange-traded funds and specialty investment strategies. The RBC GAM group of companies manage approximately $425 billion in assets and have approximately 1,400 employees located across Canada, the United States, Europe and Asia.