RBC Global Asset Management Inc. announces final annual reinvested capital gains distributions for RBC ETFs and ETF Series of RBC Funds

TORONTO, Dec. 29, 2023 /CNW/ - RBC Global Asset Management Inc. ("RBC GAM Inc.") today announced the final 2023 annual reinvested capital gains distribution amounts for unitholders of RBC ETFs and ETF Series of RBC Funds.The annual capital gains distributions for the RBC ETFs and ETF Series of RBC Funds generally represent net realized capital gains within the RBC ETFs and ETF Series of RBC Funds, as applicable, and are typically not paid in cash, but are reinvested in additional units of the respective RBC ETF or ETF Series of an RBC Fund. 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 or ETF Series of an RBC Fund.

Unitholders of record as of December 29, 2023 will receive the 2023 annual reinvested capital gains distribution amounts. The taxable amounts of reinvested and cash distributions for 2023, including the tax characteristics of the distributions, will be reported to brokers (through CDS Clearing and Depository Services Inc.) in early 2024.

The 2023 annual reinvested capital gains distribution amounts per unit for the RBC ETFs are as follows:

FUND NAME	FUND TICKER	2023 ANNUAL REINVESTED CAPITAL GAIN PER UNIT
RBC 1-5 Year Laddered Canadian Bond ETF	RLB	$0.000
RBC 1-5 Year Laddered Corporate Bond ETF	RBO	$0.000
RBC Target 2024 Government Bond ETF	RGQL	$0.000
RBC Target 2025 Government Bond ETF	RGQN	$0.000
RBC Target 2026 Government Bond ETF	RGQO	$0.000
RBC Target 2027 Government Bond ETF	RGQP	$0.000
RBC Target 2028 Government Bond ETF	RGQQ	$0.000
RBC Target 2029 Government Bond ETF	RGQR	$0.000
RBC Target 2024 Corporate Bond Index ETF	RQL	$0.000
RBC Target 2025 Corporate Bond Index ETF	RQN	$0.000
RBC Target 2026 Corporate Bond Index ETF	RQO	$0.000
RBC Target 2027 Corporate Bond Index ETF	RQP	$0.000
RBC Target 2028 Corporate Bond Index ETF	RQQ	$0.071
RBC Target 2029 Corporate Bond Index ETF	RQR	$0.000
RBC Canadian Discount Bond ETF	RCDB	$0.000
RBC PH&N Short Term Canadian Bond ETF	RPSB	$0.000
RBC U.S. Discount Bond ETF	RUDB	$0.000
RBC U.S. Discount Bond ETF (USD Units)*	RUDB.U	$0.000
RBC U.S. Discount Bond (CAD Hedged) ETF	RDBH	$0.059
RBC Short Term U.S. Corporate Bond ETF	RUSB	$0.000
RBC Short Term U.S. Corporate Bond ETF (USD Units)*	RUSB.U	$0.000
RBC Canadian Preferred Share ETF	RPF	$0.000
RBC Quant Canadian Dividend Leaders ETF	RCD	$0.375
RBC Canadian Dividend Covered Call ETF	RCDC	$0.000
RBC Canadian Bank Yield Index ETF	RBNK	$0.066
RBC Quant U.S. Dividend Leaders ETF	RUD	$3.860
RBC Quant U.S. Dividend Leaders ETF (USD Units)*	RUD.U	$2.885
RBC Quant U.S. Dividend Leaders (CAD Hedged) ETF	RUDH	$1.097
RBC U.S. Dividend Covered Call ETF	RUDC	$0.000
RBC U.S. Dividend Covered Call ETF (USD Units)*	RUDC.U	$0.000
RBC U.S. Banks Yield Index ETF	RUBY	$0.000
RBC U.S. Banks Yield Index ETF (USD Units)*	RUBY.U	$0.000
RBC U.S. Banks Yield (CAD Hedged) Index ETF	RUBH	$0.000
RBC Quant European Dividend Leaders ETF	RPD	$0.000
RBC Quant European Dividend Leaders ETF (USD Units)*	RPD.U	$0.000
RBC Quant European Dividend Leaders (CAD Hedged) ETF	RPDH	$0.000
RBC Quant EAFE Dividend Leaders ETF	RID	$0.000
RBC Quant EAFE Dividend Leaders ETF (USD Units)*	RID.U	$0.000
RBC Quant EAFE Dividend Leaders (CAD Hedged) ETF	RIDH	$0.414
RBC Quant Emerging Markets Dividend Leaders ETF	RXD	$0.000
RBC Quant Emerging Markets Dividend Leaders ETF (USD Units)*	RXD.U	$0.000

*	Capital gain distribution per unit ($) amounts are USD for RUDB.U, RUSB.U, RUD.U, RUDC.U, RUBY.U, RPD.U, RID.U, and RXD.U

The 2023 annual reinvested capital gains distribution amounts per unit for ETF Series of RBC Funds are as follows:

FUND NAME	FUND TICKER	2023 ANNUAL REINVESTED CAPITAL GAIN PER UNIT
RBC Canadian Equity Income Fund – ETF Series	RCEI	$0.000
RBC North American Value Fund – ETF Series	RNAV	$1.003
RBC North American Growth Fund – ETF Series	RNAG	$0.000
RBC International Equity Fund – ETF Series	RINT	$0.000
RBC Emerging Markets Dividend Fund – ETF Series	REMD	$0.000
RBC Global Precious Metals Fund – ETF Series	RGPM	$0.000
RBC Global Energy Fund – ETF Series	RENG	$0.000
RBC Global Technology Fund – ETF Series	RTEC	$0.000

Please note that the above annual reinvested capital gains distributions do not include the cash distributions for December 2023, which are reported separately.

For further information regarding RBC ETFs and ETF Series of RBC Funds, please visit www.rbcgam.com/etfsolutions.

All values are expressed in Canadian dollars, unless otherwise indicated. 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 mutual funds and exchange-traded funds ("ETFs"). Please read the applicable prospectus or ETF Facts document before investing. Mutual funds and 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 ETF Series is a class of securities offered by a mutual fund that are bought and sold at market price on a stock exchange. 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 and RBC Funds 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 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 at 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 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 ("Solactive"). 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. Solactive 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 make any representation regarding the advisability of investing in the ETFs.

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 94,000+ 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.‎

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.

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 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 $555 billion in assets and have approximately 1,500 employees located across Canada, the United States, Europe and Asia.

SOURCE RBC Global Asset Management Inc.

Copyright 2023 Canada NewsWire