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RBC Global Asset Management Inc. Changes Distribution
Frequency and Announces January/February Cash Distributions
for RBC Target Maturity Corporate Bond ETFs
TORONTO, January 20, 2012 —RBC Global Asset Management
Inc. announced today that starting in January 2012, the cash
distributions of the RBC Target Maturity Corporate Bond ETFs
(RBC ETFs) will be paid out monthly instead of on a quarterly
basis.
"Since launching the suite of RBC ETFs, we have continued
in our efforts to improve the offering for investors,"
said Cary Blake, vice-president, RBC Global Asset Management
Inc. "As a result, we believe this change to the frequency
of the distribution will more effectively meet the needs of
Canadian investors, providing the certainty and comfort of
a source for steady, regular, monthly income."
For the months of January and February, the RBC Target Maturity
Corporate Bond ETFs' distributions will be as follows:
FUND
NAME
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FUND
TICKER
|
JANUARY/FEBRUARY
2012 CASH DISTRIBUTION
PER UNIT ($)
|
|
RBC
Target 2013 Corporate Bond ETF
|
RQA
|
$0.069
|
|
RBC
Target 2014 Corporate Bond ETF
|
RQB
|
$0.067
|
|
RBC
Target 2015 Corporate Bond ETF
|
RQC
|
$0.059
|
|
RBC
Target 2016 Corporate Bond ETF
|
RQD
|
$0.062
|
|
RBC
Target 2017 Corporate Bond ETF
|
RQE
|
$0.063
|
|
RBC
Target 2018 Corporate Bond ETF
|
RQF
|
$0.072
|
|
RBC
Target 2019 Corporate Bond ETF
|
RQG
|
$0.072
|
|
RBC
Target 2020 Corporate Bond ETF
|
RQH
|
$0.068
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Unitholders of record on January 31, 2012 will receive the
January distributions payable on February 6, 2012. The ex-dividend
date will be January 27, 2012.
Unitholders of record on February 29, 2012 will receive the
February distributions payable on March 6, 2012. The ex-dividend
date will be February 27, 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 approximately
$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 is one of the world's top 10
largest wealth managers. RBC Wealth Management directly serves
affluent, high-net-worth and ultra high-net-worth clients
in Canada, the United States, Latin America, Europe, the Middle
East, Africa and Asia with a full suite of banking, 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, through its RBC Global Asset Management
business (which includes BlueBay Asset Management). RBC Wealth
Management has more than C$525 billion of assets under administration,
more than C$305 billion of assets under management and approximately
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
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