TORONTO, April 2, 2019 /CNW/ - RBC Global Asset
Management Inc. today announced the final cash distributions for
unitholders of certain RBC ETFs.
As announced on March 22, 2019,
unitholders approved a proposal to merge the following RBC ETFs (as
set forth in the table below) with a corresponding iShares ETF
effective on or about April 8, 2019
(and on or about April 9, 2019 in the
case of the merger involving the RBC International Equity Index
ETF). The mergers have also received regulatory approval. Details
of the mergers are outlined in the management information circular
dated February 15, 2019 which is
available at www.sedar.com. Each of the merging RBC ETFs will
be wound up following the mergers.
The final cash distributions for the merging RBC ETFs are as
follows:
MERGING RBC
ETF
|
TICKER
|
CASH
DISTRIBUTION
PER
UNIT
|
RBC Canadian Short
Term Bond Index ETF
|
RCSB
|
$0.000
|
RBC Canadian Bond
Index ETF
|
RCUB
|
$0.000
|
RBC Canadian Equity
Index ETF
|
RCAN
|
$0.004
|
RBC U.S. Equity Index
ETF
|
RUSA
|
$0.000
|
RBC International
Equity Index ETF
|
RINT
|
$0.003
|
Unitholders of record on April 5,
2019 will receive the cash distributions payable on
April 11, 2019.
All values are expressed in Canadian dollars.
The actual taxable amounts of cash distributions, including the
tax characteristics of the distributions, for the merging RBC ETFs
will be reported to brokers (through CDS Clearing and Depository
Services) in early 2020.
For further information regarding RBC ETFs, please visit
https://www.rbcishares.com.
Commissions, management fees and expenses all may be associated
with investments in exchange-traded funds (ETFs). Please read the
applicable prospectus or ETF Facts document before investing. ETFs
are not guaranteed, their values change frequently and past
performance may not be repeated. ETF units are bought and sold at
market price on a stock exchange and brokerage commissions will
reduce returns. RBC ETFs do not seek to return any predetermined
amount at maturity. Index returns do not represent RBC ETF returns.
RBC ETFs are managed by RBC GAM Inc., a member of the RBC GAM group
of companies and an indirect wholly-owned subsidiary of Royal Bank
of Canada.
About RBC Global Asset Management
RBC Global Asset
Management (RBC GAM) is the asset management division of Royal
Bank of Canada (RBC) and includes
institutional money managers BlueBay Asset Management and Phillips,
Hager & North Investment Management. RBC GAM is a provider of
global investment management services and solutions to
institutional, high-net-worth and individual investors through
separate accounts, pooled funds, mutual funds, hedge funds,
exchange-traded funds and specialty investment strategies. The RBC
GAM group of companies manage approximately $430 billion in assets and have approximately
1,400 employees located across Canada, the United
States, Europe and
Asia.
SOURCE RBC Global Asset Management