RBC Asset Management announces unitholder approval of changes to RBC funds



    TORONTO, June 26 /CNW/ - 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.




For further information:

For further information: Chris Dotson, RBC Global Asset Management
Communications, (604) 408-6009


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