RBC IA Clarington Dividend Growth Plus Deposit Notes Series
1 & 2 available
TORONTO, October 23, 2006 — RBC Financial Group
today issued RBC IA Clarington Dividend Growth Plus Deposit
Notes Series 1 and 2. These notes are designed for those risk-averse
retail investors seeking an alternative to GICs while looking
for greater diversity in their portfolio.
The RBC IA Clarington Dividend Growth Plus Deposit Notes
Series 1 and 2 are principal protected and linked to a portfolio
of Canadian equities, Canadian income trusts, and potentially
bonds, in which allocations will be based on a dynamic rebalancing
strategy. The equity and income trust portions of the portfolio
are managed by Industrial Alliance Asset Management. The equity
investments are managed with similar investment objectives
to the IA Ecoflex Dividends Fund, a Morningstar Five-Star
Fund (as of August 31, 2006).
The RBC IA Clarington Dividend Growth Plus Deposit Notes
Series 1 provide monthly coupons equivalent to 100 per cent
of the distributions received on the equity and income trust
investments. The RBC IA Clarington Dividend Growth Plus Deposit
Notes Series 2 (Return of Capital Series) provide monthly
partial principal repayments equivalent to 100per cent of
the distributions received on the equity and income trust
investments. Distributed by IA Clarington to registered dealers
across Canada, both notes are available to self-directed investors
until December 1, 2006 and have a maturity date of June 9,
2014. For complete details, please visit www.rbccm.com/notes
to view the individual Information Statements.
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For further information, please contact:
Jackie Braden (416) 974-2124
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