TORONTO, Jan. 11, 2022 /CNW/ - RBC Global Asset Management
Inc. ("RBC GAM Inc.") today announced the termination of RBC
BlueBay Global Diversified Income (CAD Hedged) ETF (TSX: RBDI) (the
"terminating ETF") effective on or about April 8, 2022 (the "termination date").
Units of the terminating ETF are anticipated to be voluntarily
delisted from the Toronto Stock Exchange ("TSX") at the request of
RBC GAM Inc., the manager of the terminating ETF, following market
close on or about April 5, 2022, with
all units still held by investors being subject to a mandatory
redemption as of the termination date. Unitholders may
continue to buy or sell units of the terminating ETF on the TSX, or
any other stock exchange on which the terminating ETF is traded,
until the units are delisted.
Prior to the termination date, RBC GAM Inc. will, to the extent
reasonably possible, convert the assets of the terminating ETF to
cash. After paying or making adequate provision for the liabilities
of the terminating ETF, RBC GAM Inc. will, as soon as practicable
following the termination date, distribute the net assets of the
terminating ETF pro-rata among the unitholders of record on the
termination date.
RBC GAM Inc. will issue an additional press release on or about
the termination date confirming the final details of the
terminating ETF. Further details of the termination will be mailed
to unitholders of the terminating ETF at least 60 days prior to the
termination date.
For further information regarding RBC ETFs, please visit
www.rbcgam.com/etfsolutions.
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
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 87,000+ 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 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 $580 billion in
assets and have approximately 1,500 employees located across
Canada, the United States, Europe and Asia.
SOURCE RBC Global Asset Management Inc.
