TORONTO, Dec. 31, 2019 /CNW/ - RBC Global Asset Management Inc. (RBC GAM Inc.) today announced the final 2019 annual reinvested capital gains distributions for unitholders of RBC ETFs.
Unitholders of record on December 31, 2019 will receive the 2019 reinvested capital gains.
The annual capital gains distributions for the RBC ETFs generally represent net realized capital gains within the RBC ETFs and are 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.
The 2019 annual reinvested capital gains distribution amounts per unit for the RBC ETFs are as follows:
CAPITAL GAINS DISTRIBUTION PER UNIT
RBC 1-5 Year Laddered Canadian Bond ETF
RBC 1-5 Year Laddered Corporate Bond ETF
RBC 6-10 Year Laddered Canadian Corporate Bond ETF
RBC Target 2020 Corporate Bond Index ETF
RBC Target 2021 Corporate Bond Index ETF
RBC Target 2022 Corporate Bond Index ETF
RBC Target 2023 Corporate Bond Index ETF
RBC Target 2024 Corporate Bond Index ETF
RBC Target 2025 Corporate Bond Index ETF
RBC Canadian Discount Bond ETF
RBC PH&N Short Term Canadian Bond ETF
RBC Short Term U.S. Corporate Bond ETF
RBC Short Term U.S. Corporate Bond ETF (USD Units)*
RBC BlueBay Global Diversified Income (CAD Hedged) ETF
RBC Canadian Preferred Share ETF
RBC Quant Canadian Dividend Leaders ETF
RBC Quant Canadian Equity Leaders ETF
RBC Vision Women's Leadership MSCI Canada Index ETF
RBC Canadian Bank Yield Index ETF
RBC Quant U.S. Dividend Leaders ETF
RBC Quant U.S. Dividend Leaders ETF (USD Units)*
RBC Quant U.S. Dividend Leaders (CAD Hedged) ETF
RBC U.S. Banks Yield Index ETF
RBC U.S. Banks Yield Index ETF (USD Units)*
RBC U.S. Banks Yield (CAD Hedged) Index ETF
RBC Quant U.S. Equity Leaders ETF
RBC Quant U.S. Equity Leaders ETF (USD Units)*
RBC Quant U.S. Equity Leaders (CAD Hedged) ETF
RBC Quant European Dividend Leaders ETF
RBC Quant European Dividend Leaders ETF (USD Units)*
RBC Quant European Dividend Leaders (CAD Hedged) ETF
The actual taxable amounts of cash and reinvested distributions for 2019, including the tax characteristics of the distributions, will be reported to brokers (through CDS Clearing and Depository Services) in early 2020. All values are expressed in Canadian dollars, unless otherwise indicated. Totals may not sum due to rounding. This information is not intended to provide legal, accounting, tax, investment, financial or other advice and should not be relied upon for providing such advice. Please speak with your investment advisor for more information.
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 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 $460 billion in assets and have approximately 1,400 employees located across Canada, the United States, Europe and Asia.
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 85,000+ employees who 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 17 million clients in Canada, the U.S. and 34 other countries. Learn more at rbc.com.
We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at rbc.com/community-social-impact.
SOURCE RBC Global Asset Management
For further information: Brandon Dorey, RBC GAM Corporate Communications, 416-955-7397, [email protected]