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RBC Global Asset Management Inc. announces estimated annual reinvested capital gains distributions for RBC ETFs

TORONTO, December 22, 2021 RBC Global Asset Management Inc. (“RBC GAM Inc.”) today announced the estimated 2021 annual reinvested capital gains distribution amounts for unitholders of RBC ETFs.

Please note that these are estimated amounts only, as of December 15, 2021. The estimates could change if the RBC ETFs experience subscriptions, redemptions or engage in portfolio transactions prior to the ex-dividend date or for other unforeseen factors.

The annual capital gains distributions for the RBC ETFs generally represent net realized capital gains within the RBC ETFs and are typically not paid in cash, but are reinvested in additional units of the respective RBC ETF. The additional units will be immediately consolidated with the previously outstanding units such that the number of outstanding units following the distribution will equal the number of units outstanding prior to the distribution. The reinvested capital gains distributions will increase the unitholder's adjusted cost base for the respective RBC ETF.

RBC GAM Inc. expects to announce the final annual reinvested capital gains distribution amounts on or about December 31, 2021. Unitholders of record as of December 31, 2021 will receive the 2021 annual reinvested capital gains distribution amounts.

The actual taxable amounts of reinvested and cash distributions for 2021, including the tax characteristics of the distributions, will be reported to brokers (through CDS Clearing and Depository Services Inc.) in early 2022.

The estimated 2021 annual reinvested capital gains distribution amounts per unit for the RBC ETFs are as follows:

FUND NAME

FUND TICKER


ESTIMATED ANNUAL REINVESTED CAPITAL GAIN DISTRIBUTION PER UNIT


RBC 1-5 Year Laddered Canadian Bond ETF

RLB

$0.000

RBC 1-5 Year Laddered Corporate Bond ETF

RBO

$0.000

RBC Target 2022 Corporate Bond Index ETF

RQJ

$0.000

RBC Target 2023 Corporate Bond Index ETF

RQK

$0.000

RBC Target 2024 Corporate Bond Index ETF

RQL

$0.091

RBC Target 2025 Corporate Bond Index ETF

RQN

$0.028

RBC Target 2026 Corporate Bond Index ETF

RQO

$0.000

RBC Target 2027 Corporate Bond Index ETF

RQP

$0.000

RBC Canadian Discount Bond ETF

RCDB

$0.035

RBC PH&N Short Term Canadian Bond ETF

RPSB

$0.172

RBC Short Term U.S. Corporate Bond ETF

RUSB

$0.000

RBC Short Term U.S. Corporate Bond ETF (USD Units)*

RUSB.U

$0.000

RBC BlueBay Global Diversified Income (CAD Hedged) ETF

RBDI

$0.000

RBC Canadian Preferred Share ETF

RPF

$0.000

RBC Quant Canadian Dividend Leaders ETF

RCD

$0.684

RBC Quant Canadian Equity Leaders ETF

RCE

$1.068

RBC Vision Women’s Leadership MSCI Canada Index ETF

RLDR

$5.297

RBC Canadian Bank Yield Index ETF

RBNK

$1.219

RBC Quant U.S. Dividend Leaders ETF

RUD

$6.103

RBC Quant U.S. Dividend Leaders ETF (USD Units)*

RUD.U

$4.709

RBC Quant U.S. Dividend Leaders (CAD Hedged) ETF

RUDH

$4.226

RBC U.S. Banks Yield Index ETF

RUBY

$0.000

RBC U.S. Banks Yield Index ETF (USD Units)*

RUBY.U

$0.000

RBC U.S. Banks Yield (CAD Hedged) Index ETF

RUBH

$0.000

RBC Quant U.S. Equity Leaders ETF

RUE

$4.862

 

RBC Quant U.S. Equity Leaders ETF (USD Units)*

RUE.U

$3.751

RBC Quant U.S. Equity Leaders (CAD Hedged) ETF

RUEH

$4.516

RBC Quant European Dividend Leaders ETF

RPD

$0.000

RBC Quant European Dividend Leaders ETF (USD Units)*

RPD.U

$0.000

RBC Quant European Dividend Leaders (CAD Hedged) ETF

RPDH

$0.000

RBC Quant EAFE Dividend Leaders ETF

RID

$0.000

RBC Quant EAFE Dividend Leaders ETF (USD Units)*

RID.U

$0.000

RBC Quant EAFE Dividend Leaders (CAD Hedged) ETF

RIDH

$0.000

RBC Quant EAFE Equity Leaders ETF

RIE

$0.000

RBC Quant EAFE Equity Leaders ETF (USD Units)*

RIE.U

$0.000

RBC Quant EAFE Equity Leaders (CAD Hedged) ETF

RIEH

$0.186

RBC Quant Emerging Markets Dividend Leaders ETF

RXD

$0.000

RBC Quant Emerging Markets Dividend Leaders ETF (USD Units)*

RXD.U

$0.000

RBC Quant Emerging Markets Equity Leaders ETF

RXE

$0.000

RBC Quant Emerging Markets Equity Leaders ETF (USD Units)*

RXE.U

$0.000

* Estimated annual reinvested 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, and RXE.U

Please note that the above estimated annual reinvested capital gains distributions do not include the cash distributions for December 2021, which are reported separately.

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

Forward-looking information

This notice contains forward-looking statements with respect to the annual reinvested capital gains distributions for the RBC ETFs. By their nature, these forward-looking statements involve risks and uncertainties that could cause the actual distributions to differ materially from the estimated distributions set forth in this notice. Factors that could cause the actual distributions to differ from the estimated distributions between now and December 31, 2021 (certain of the RBC ETFs’ tax year end, as applicable) include, but are not limited to: the actual amounts of distributions received by the RBC ETFs; the actual amounts of capital gains generated from sales of securities; trading activity within the RBC ETFs, including buying and selling of securities; and subscription and redemption activity.

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 GAM 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 GAM Inc., 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 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 $580 billion in assets and have approximately 1,500 employees located across Canada, the United States, Europe and Asia.