RBC O'Shaughnessy Canadian Equity Fund being capped to
new investors due to significant asset growth
TORONTO, October 2, 2006 — RBC Asset Management
Inc. announced today its decision to close the RBC O'Shaughnessy
Canadian Equity Fund to new purchases effective January 19,
2007. This change will not affect existing investments in
the Fund.
The RBC O'Shaughnessy Canadian Equity Fund has been extremely
successful and has grown rapidly in size, approaching $2 billion
in assets. Closing the Fund to new purchases will provide
the best opportunity for continued success in its investment
approach.
Unitholders who have elected to automatically reinvest distributions
will continue to do so unless they instruct their advisor
otherwise. Further, only purchases through pre-authorized
investment plans that dealers have established directly with
RBC Asset Management, prior to January 19, 2007, will continue.
If unitholders are unclear about how their pre-authorized
investment plan is established, or are opening a new pre-authorized
investment plan prior to January 19, 2007, we encourage them
to confirm with their advisor that their plan is set up with
RBC Asset Management.
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For further information, please contact:
Kathy Bevan, Media Relations, (416) 974-8810
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