RBC Global Asset Management Inc. Announces Estimated Annual Reinvested Capital Gains Distributions for RBC Target Maturity Corporate Bond ETFs
TORONTO, September 15, 2011 RBC Global Asset Management Inc. (RBC GAM) today announced estimated annual reinvested capital gains distributions for the 2011 tax year to unitholders of the RBC Target Maturity Corporate Bond ETFs. Unitholders of record on December 30, 2011, will receive the distributions payable on January 6, 2012. The ex-dividend date will be December 28, 2011.
The annual capital gains distributions for the RBC Target Maturity Corporate Bond ETFs will not be paid in cash, but will be reinvested and reported as a taxable distribution. The effect of the reinvested capital gains distribution will increase an investors' adjusted cost base for the respective ETF.
For the 2011 tax year, the estimated annual reinvested capital gains distributions for the RBC Target Maturity Corporate Bond ETFs are:
EST CAP GAIN REINVESTED DIST/UNIT ($)
PERCENT OF DEC 15 2011 NET ASSET VALUE/UNIT
RBC Target 2013 Corporate Bond ETF
RBC Target 2014 Corporate Bond ETF
RBC Target 2015 Corporate Bond ETF
RBC Target 2016 Corporate Bond ETF
RBC Target 2017 Corporate Bond ETF
RBC Target 2018 Corporate Bond ETF
RBC Target 2019 Corporate Bond ETF
RBC Target 2020 Corporate Bond ETF
These estimated annual reinvested capital gains distributions do not include the fourth quarter cash distributions which are reported in a separate news release.
Possible changes to the estimated annual reinvested capital gains distributions
The estimated annual reinvested capital gains distributions shown above could change if the RBC Target Maturity Corporate Bond ETFs experience subscriptions or redemptions prior to the December 28, 2011, ex-dividend date. RBC GAM will issue a news release on December 28, 2011, which will provide the final amounts.
The actual taxable amounts of cash and reinvested distributions for 2011, including the tax characteristics of the distributions, will be reported to brokers (through Canadian Depository for Securities' Clearing and Depository Services) in early 2012.
For further information regarding RBC ETFs, please visit rbcgam.com/etfs.
About RBC Global Asset Management and RBC Wealth Management
RBC Global Asset Management (RBC GAM) is the asset management division of Royal Bank of Canada (RBC) which includes institutional money managers Phillips, Hager & North Investment Management (PH&N), RBC Global Asset Management (U.S.) and BlueBay Asset Management. RBC GAM is a provider of global investment management services and solutions to individual, high net worth and institutional investors through mutual funds, pooled funds, hedge funds, segregated accounts and specialty investment strategies. RBC GAM group of companies manage more than $250 billion in assets and have approximately 1,000 employees located across Canada, the United States, Europe and Asia.
RBC Global Asset Management 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. RBC Wealth Management provides integrated and diversified international wealth management expertise and solutions, asset management and trust services to high net worth individuals and to corporate and institutional clients. Services provided by RBC Wealth Management consultants, advisors, private bankers and trust officers include trust and estate planning, tax advice, discretionary investment management and investment advisory services, structured solutions, banking, lending and global custody. RBC Wealth Management has over $525 billion of assets under administration, over $305 billion of assets under management and more than 4,300 financial consultants, advisors, private bankers and trust officers.
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For more information, please contact:
Yen To, RBC GAM Communications, 416 955-5916
Leah Commisso, RBC GAM Media Relations, 416 955-6498