RBC Global Asset Management Inc. announces estimated annual reinvested capital gains distributions for RBC ETFs (2024)

TORONTO, Nov. 23, 2022 /CNW/ –RBC Global Asset Management Inc. (RBC GAM Inc.) today announced estimated 2022 annual reinvested capital gains distribution amounts for unitholders of RBC ETFs.

Please note that these are estimated amounts only, as of October 31, 2022. The estimates could change if the RBC ETFs experience subscriptions, redemptions or engage in portfolio transactions prior to the ex-dividend date or for other unforeseen factors.

The annual capital gains distributions for the RBC ETFs generally represent net realized capital gains within the RBC ETFs and are typically not paid in cash, but are reinvested in additional units of the respective RBC ETF. The additional units will be immediately consolidated with the previously outstanding units such that the number of outstanding units following the distribution will equal the number of units outstanding prior to the distribution. The reinvested capital gains distributions will increase the unitholder’s adjusted cost base for the respective RBC ETF.

RBC GAM Inc. expects to announce the final annual reinvested distribution amounts on or about December 30, 2022, while the final December monthly and quarterly cash distributions are expected to be announced on or about December 21, 2022. Unitholders of record as of December 30, 2022 will receive the 2022 annual reinvested distribution amounts.

The actual taxable amounts of reinvested and cash distributions for 2022, including the tax characteristics of the distributions, will be reported to brokers (through CDS Clearing and Depository Services Inc. or “CDS”) in early 2023.

The estimated 2022 annual reinvested capital gains distribution amounts per unit for the RBC ETFs are as follows:

For further information regarding RBC ETFs, please visit https://www.rbcgam.com/etfsolutions.

Forward–looking information:

This notice contains forward-looking statements with respect to the annual reinvested capital gains distributions for the RBC ETFs. By their nature, these forward-looking statements involve risks and uncertainties that could cause the actual distributions to differ materially from the estimated distributions set forth in this notice. Factors that could cause the actual distributions to differ from the estimated distributions between now and December 15, 2022 or December 31, 2022 (the RBC ETFs’ tax year end, as applicable) include, but are not limited to: the actual amounts of distributions received by the RBC ETFs; the actual amounts of capital gains generated from sales of securities; trading activity within the RBC ETFs, including buying and selling of securities; and subscription and redemptionactivity.

Distribution estimates do not denote the yield a client may receive. All values are expressed in Canadian dollars, unless otherwise indicated. Totals may not sum due to rounding. The year-end distribution estimates are provided by RBC GAM Inc. and are for information purposes only. They do not reflect final attributions for tax purposes. For more information, please speak with your investment advisor.

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.

RBC Target 2023 Corporate Bond Index ETF, RBC Target 2024 Corporate Bond Index ETF, RBC Target 2025 Corporate Bond Index ETF, RBC Target 2026 Corporate Bond Index ETF, RBC Target 2027 Corporate Bond Index ETF, RBC Target 2028 Corporate Bond Index ETF and RBC Target 2029 Corporate Bond Index ETF(collectively, the “TMCB ETFs”) do not seek to deliver a predetermined amount upon maturity, and the amount an investor receives may be more or less than their original investment. The TMCB ETFs have been developed solely by RBC GAM Inc. and are not in any way connected to or sponsored, endorsed, sold or promoted by the London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”).

All rights in the FTSE Canada 2023 Maturity Corporate Bond Index, FTSE Canada 2024 Maturity Corporate Bond Index, FTSE Canada 2025 Maturity Corporate Bond Index, FTSE Canada 2026 Maturity Corporate Bond Index, FTSE Canada 2027 Maturity Corporate Bond Index, FTSE Canada 2028 Maturity Corporate Bond Index and FTSE Canada 2029 Maturity Corporate Bond Index (collectively, the “FTSE Maturity Corporate Bond Indices”) vest in the relevant LSE Group company which owns the FTSE Maturity Corporate Bond Indices. “FTSE®” is a trade mark of the relevant LSE Group company and is used by any other LSE Group company under license.

The FTSE Maturity Corporate Bond Indices are calculated by or on behalf of FTSE Global Debt Capital Markets Inc. or its affiliate, agent or partner. The LSE Group does not accept any liability whatsoever to any person arising out of (a) the use of, reliance on or any error in the FTSE Maturity Corporate Bond Indices or (b) investment in or operation of the TMCB ETFs. The LSE Group makes no claim, prediction, warranty or representation either as to the results to be obtained from the TMCB ETFs or the suitability of the FTSE Maturity Corporate Bond Indices for the purpose to which they are being put by RBC GAM Inc.

The RBC Canadian Bank Yield Index ETF, RBC U.S. Banks Yield Index ETF, and RBC U.S. Banks Yield (CAD Hedged) Index ETF have been developed solely by RBC GAM Inc. and are not sponsored, promoted, sold or supported by Solactive AG. The Solactive Canada Bank Yield Index, Solactive U.S. Bank Yield NTR Index and Solactive U.S. Bank Yield NTR (CAD Hedged) Index are calculated and published by Solactive AG. Solactive AG does not offer any express or implicit guarantee or assurance regarding the results to be obtained from the use of the index or index price nor does Solactive AG make any representation regarding the advisability of investing in the ETFs.

The RBC Vision Women’s Leadership MSCI Canada Index ETF is not sponsored, endorsed or promoted by MSCI Inc. (“MSCI”), and MSCI bears no liability with respect to the ETF or any index on which the ETF is based. The prospectus of RBC Vision Women’s Leadership MSCI Canada Index ETF contains a more detailed description of the limited relationship MSCI has with RBC GAM Inc. and the ETF.

About RBC

Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 92,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada’s biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our 17 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com.

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About RBC Global Asset Management

RBC Global Asset Management(RBC GAM Inc.) is the asset management division of Royal Bank of Canada (RBC) and includes 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 $540 billion in assets and have approximately 1,500 employees located across Canada, the United States, Europe and Asia.

SOURCE RBC Global Asset Management Inc.