RBC Global Asset Management Inc. postpones unitholder meeting of RBC O'Shaughnessy Funds and RBC U.S. Small-Cap Funds to approve investment objective changes and proposed fund mergers

TORONTO, Oct. 8, 2025 /CNW/ - RBC Global Asset Management Inc. ("RBC GAM Inc.") announced today that its special meeting of unitholders (the "Meeting") of RBC O'Shaughnessy Funds and RBC U.S. Small-Cap Funds (defined below), originally scheduled for November 7, 2025, has been postponed. As a result of the Canada Post labour disruption, RBC GAM Inc. is unable to deliver meeting and related proxy materials to unitholders prior to the Meeting in accordance with regulatory requirements. A new date for the Meeting will be announced in due course.

The Meeting was previously announced on August 13, 2025, for unitholders of RBC O'Shaughnessy All-Canadian Equity Fund, RBC O'Shaughnessy Canadian Equity Fund, RBC O'Shaughnessy U.S. Value Fund, RBC O'Shaughnessy U.S. Growth Fund, RBC O'Shaughnessy U.S. Growth Fund II, RBC O'Shaughnessy U.S. Value Fund (Unhedged), RBC O'Shaughnessy International Equity Fund, RBC O'Shaughnessy Global Equity Fund (collectively, the "RBC O'Shaughnessy Funds") and RBC U.S. Small-Cap Core Equity Fund and RBC U.S. Small-Cap Value Equity Fund (collectively, the "RBC U.S. Small-Cap Funds") to approve changes to investment objectives and proposed fund mergers.

Until such time that the rescheduled Meeting is announced with a new effective date for the above-mentioned changes and proposed fund mergers, O'Shaughnessy Asset Management, L.L.C. will continue as sub-advisor for RBC O'Shaughnessy Funds. RBC U.S. Small-Cap Funds will continue to be sub-advised by RBC Global Asset Management (U.S.) Inc.

As a result of the Meeting postponement, the RBC O'Shaughnessy Funds and RBC U.S. Small-Cap Funds will not be capped to purchases of units on November 18, 2025 as previously announced, and other related changes, including management fee reductions and proposed fund/series name changes, will be deferred. As announced on June 26, 2025, effective as of July 14, 2025, units of the RBC U.S. Small-Cap Funds are available for purchase by existing unitholders only.

The Canada Post labour disruption however will not impact the following previously announced changes: (i) proposed fund mergers of the RBC and PH&N Money Market Funds, effective November 21, 2025 and the capping of new purchases of the applicable RBC and PH&N Money Market Funds, effective at the close of business November 18, 2025; (ii) name change of RBC Premium $U.S. Money Market Fund to RBC $U.S. Money Market Fund II and the capping of new purchases of RBC $U.S. Money Market Fund II, both effective November 21, 2025; (iii) termination of RBC Trend Canadian Equity Fund, effective November 21, 2025; and (iv) termination of RBC Target 2025 Education Fund, effective November 21, 2025.

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 101,000+ 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 more than 19 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) is the asset management division of Royal Bank of Canada (RBC). 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. RBC Funds, BlueBay Funds, PH&N Funds and RBC ETFs are offered by RBC Global Asset Management Inc. (RBC GAM Inc.) and distributed through authorized dealers in Canada. The RBC GAM group of companies, which includes RBC GAM Inc. (including PH&N Institutional), manage approximately $740 billion in assets and have approximately 1,600 employees located across Canada, the United States, Europe and Asia.

For more information, please contact:
Brandon Dorey, RBC GAM Corporate Communications, 647-262-6307

SOURCE RBC Global Asset Management Inc.