RBC Asset Management announces unitholder approval of changes
to RBC Funds
TORONTO, June 26, 2009 — RBC Asset Management
Inc. today announced that unitholders have approved changes
to the RBC Canadian Diversified Income Trust Fund and the
RBC DS North American Focus Fund. The changes will be effective
July 1, 2009.
The changes are as follows:
RBC Canadian Diversified Income Trust Fund
Unitholders approved the amendment to the fund's investment
objective, permitting the fund to increase its ability to
invest in common and preferred shares of Canadian companies
that pay dividends. The fund will be renamed the RBC Canadian
Equity Income Fund.
RBC DS North American Focus Fund
Unitholders approved the amendment to the fund's investment
objective, permitting the fund to invest primarily in equity
securities of U.S. companies. The fund will be renamed the
RBC DS U.S. Focus Fund.
About RBC Global Asset Management and RBC Wealth Management
RBC Global Asset Management (RBC GAM) comprises RBC Asset
Management Inc. (RBC AM), Phillips, Hager & North Investment
Management Ltd. (PH&N) and Voyageur Asset Management Inc.
Combined, RBC GAM's component companies manage C$90 billion
in IFIC-reported mutual fund assets in Canada and an additional
C$100 billion in other institutional and private client assets
in Canada and the United States. RBC AM won the Lipper Awards
for "Best Bond Fund Family" in 2009 and "Best
Overall Fund Group" in 2007 and 2008; PH&N won for
"Best Bond Fund Family" in 2007 and 2008. Website:
www.rbcgam.com.
RBC GAM is part of RBC Wealth Management, which directly serves
affluent and high net worth clients in Canada, the United
States, Latin America, Europe and Asia with a full suite of
investment, trust and other wealth management solutions. The
business also provides asset management products and services
directly and through RBC and third-party distributors to institutional
and individual clients, and has more than $480 billion of
assets under administration, more than $230 billion of assets
under management and nearly 4,500 financial consultants, advisors,
private bankers and trust officers.
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For more information, please contact:
Chris Dotson,
RBC Global Asset Management Communications,
(604) 408-6009
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