RBC launches new series of RBC IA Clarington U.S. Dividend
Deposit Notes
TORONTO, June 27, 2007 — RBC today launched
the RBC IA Clarington U.S. Dividend Deposit Notes Series 1,
2, and 3 - for those risk-averse retail investors seeking
greater diversity in their portfolio.
The RBC IA Clarington U.S. Dividend Deposit Notes Series
1, 2 and 3 are principal protected and linked to the Clarington
U.S. Dividend Fund, managed by TCW Investment Management Company,
which invests in U.S. companies that have a record of paying
dividends. The RBC IA Clarington U.S. Dividend Deposit Notes
Series 1 provides monthly coupons equivalent to an annualized
yield of 5.04 per cent. The RBC IA Clarington U.S. Dividend
Deposit Notes Series 2 (Return of Capital Series) provides
a similar indicative yield, but the distributions are treated
as return of capital. The RBC IA Clarington U.S. Dividend
Deposit Notes Series 3 is the USD-denominated Return of Capital
Series.
The notes are available to self-directed investors until
July 27, 2007 and have a maturity date of February 2, 2015.
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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