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News Releases

 

RBC launches new series of RBC IA Clarington Global Dividend Deposit Notes

TORONTO, March 28, 2007 — RBC today launched the RBC IA Clarington Global Dividend Deposit Notes Series 1 and 2 - for those risk-averse retail investors seeking greater diversity in their portfolio.

Principal protected, the RBC IA Clarington Global Dividend Deposit Notes Series 1 and 2 are linked to the Clarington Global Dividend Fund, which invests around the world in companies with stable, and preferably rising dividend yields. The Fund is managed by ABN AMRO.

The RBC IA Clarington Global Dividend Deposit Notes Series 1 provides monthly coupons equivalent to an indicative distribution rate of 5.8 per cent. The RBC IA Clarington Global Dividend Deposit Notes Series 2 (Return of Capital Series) provides a similar indicative yield but the distributions are treated as Return of Capital. The notes are available to self-directed investors until May 4, 2007 and have a maturity date of December 9, 2014. For complete details on the individual Information statements, please visit www.rbccm.com/notes.

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For further information, please contact:
Jackie Braden (416) 974-2124

 

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