RBC Global Asset Management Inc. announces final valuation of RBC Target 2016 Corporate Bond Index ETF

TORONTO, Nov. 18, 2016 /CNW/ - RBC Global Asset Management Inc. today announced the final valuation of RBC Target 2016 Corporate Bond Index ETF (TSX: RQD).

As announced earlier this year, RBC Target 2016 Corporate Bond Index ETF will mature effective the close of business today, Friday, November 18, 2016. The final net asset value (NAV) per unit of the ETF is as follows:

ETF

TICKER

FINAL NAV PER UNIT

RBC Target 2016 Corporate Bond Index ETF

RQD

$18.7614

 

The final net asset value (NAV) per unit consists of the following:

Income per unit

$0.0910

Capital per unit

$18.6704

Final NAV per unit

$18.7614

 

The maturity proceeds will be paid out of the ETF today to the holders of the remaining outstanding units.

The suite of RBC Target Maturity Corporate Bond ETFs includes seven corporate bond ETFs with maturities spanning from 2017 to 2023. Unlike traditional ETFs, which have a perpetual life, target maturity ETFs have a specified maturity date established when the ETF is launched, enabling investors to build customized fixed income portfolios tailored to specific investment needs.

For further information regarding RBC ETFs, please visit www.rbcgam.com/etfs.

Commissions, management fees and expenses all may be associated with investments in exchange-traded funds (ETF). Please read the prospectus or Fund 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 Global Asset Management Inc., 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 more than $385 billion in assets and have approximately 1,300 employees located across Canada, the United States, Europe and Asia.

SOURCE RBC Global Asset Management

For further information: Leah Commisso, RBC GAM Media Relations, 416 955-6498, leah.commisso@rbc.com


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