TORONTO, Dec. 20, 2019 /CNW/ - RBC Global Asset Management Inc. (RBC GAM Inc.) today announced the estimated 2019 annual reinvested capital gains distribution amounts for unitholders of RBC ETFs.

RBC GAM Inc. expects to announce the final annual reinvested distribution amounts on or about December 31, 2019. Unitholders of record as of December 31, 2019 will receive the 2019 annual reinvested distribution amounts.

Please note that these are estimated amounts only, as of December 15, 2019. The estimates could change if the RBC ETFs experience subscriptions or redemptions prior to the ex-dividend date or may change for other unforeseen factors.

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 estimated 2019 annual reinvested capital gains distribution amounts per unit for the RBC ETFs are as follows:

FUND NAME

FUND

TICKER

 

ESTIMATED ANNUAL

REINVESTED

CAPITAL

GAINS DISTRIBUTION

PER UNIT

RBC 1-5 Year Laddered Canadian Bond ETF

RLB

$0.0000

RBC 1-5 Year Laddered Corporate Bond ETF

RBO

$0.0000

RBC 6-10 Year Laddered Canadian Corporate Bond ETF

RMBO

$0.0000

RBC Target 2020 Corporate Bond Index ETF

RQH

$0.0000

RBC Target 2021 Corporate Bond Index ETF

RQI

$0.0000

RBC Target 2022 Corporate Bond Index ETF

RQJ

$0.0000

RBC Target 2023 Corporate Bond Index ETF

RQK

$0.0000

RBC Target 2024 Corporate Bond Index ETF

RQL

$0.3490

RBC Target 2025 Corporate Bond Index ETF

RQN

$0.0085

RBC Canadian Discount Bond ETF

RCDB

$0.0044

RBC PH&N Short Term Canadian Bond ETF

RPSB

$0.2370

RBC Short Term U.S. Corporate Bond ETF

RUSB

$0.1028

RBC Short Term U.S. Corporate Bond ETF (USD Units)*

RUSB.U

$0.0779

RBC BlueBay Global Diversified Income (CAD Hedged) ETF

RBDI

$0.0000

RBC Canadian Preferred Share ETF

RPF

$0.0000

RBC Quant Canadian Dividend Leaders ETF

RCD

$0.3326

RBC Quant Canadian Equity Leaders ETF

RCE

$0.2819

RBC Vision Women's Leadership MSCI Canada Index ETF

RLDR

$0.0739

RBC Canadian Bank Yield Index ETF

RBNK

$0.1503

RBC Quant U.S. Dividend Leaders ETF

RUD

$3.0949

RBC Quant U.S. Dividend Leaders ETF (USD Units)*

RUD.U

$2.3449

RBC Quant U.S. Dividend Leaders (CAD Hedged) ETF

RUDH

$1.9268

RBC U.S. Banks Yield Index ETF

RUBY

$0.0000

RBC U.S. Banks Yield Index ETF (USD Units)*

RUBY.U

$0.0000

RBC U.S. Banks Yield (CAD Hedged) Index ETF

RUBH

$0.0000

RBC Quant U.S. Equity Leaders ETF

RUE

$0.0000

RBC Quant U.S. Equity Leaders ETF (USD Units)*

RUE.U

$0.0000

RBC Quant U.S. Equity Leaders (CAD Hedged) ETF

RUEH

$0.0000

RBC Quant European Dividend Leaders ETF

RPD

$0.0000

RBC Quant European Dividend Leaders ETF (USD Units)*

RPD.U

$0.0000

RBC Quant European Dividend Leaders (CAD Hedged) ETF

RPDH

$0.4406

RBC Quant EAFE Dividend Leaders ETF

RID

$0.0000

RBC Quant EAFE Dividend Leaders ETF (USD Units)*

RID.U

$0.0000

RBC Quant EAFE Dividend Leaders (CAD Hedged) ETF

RIDH

$0.5342

RBC Quant EAFE Equity Leaders ETF

RIE

$0.0000

RBC Quant EAFE Equity Leaders ETF (USD Units)*

RIE.U

$0.0000

RBC Quant EAFE Equity Leaders (CAD Hedged) ETF

RIEH

$0.0000

RBC Quant Emerging Markets Dividend Leaders ETF

RXD

$0.0000

RBC Quant Emerging Markets Dividend Leaders ETF (USD Units)*

RXD.U

$0.0000

RBC Quant Emerging Markets Equity Leaders ETF

RXE

$0.0000

RBC Quant Emerging Markets Equity Leaders ETF (USD Units)*

RXE.U

$0.0000

RBC Strategic Global Dividend Leaders ETF

RLD

$0.6331

RBC Strategic Global Equity Leaders ETF

RLE

$1.2688

RBC Quant Global Real Estate Leaders ETF

RGRE

$0.0000

RBC Quant Global Real Estate Leaders ETF (USD Units)*

RGRE.U

$0.0000

RBC Quant Global Infrastructure Leaders ETF

RIG

$0.0000

RBC Quant Global Infrastructure Leaders ETF (USD Units)*

RIG.U

$0.0000

* Capital gain distribution per unit ($) amounts are USD for RUSB.U, RUD.U, RUBY.U, RUE.U, RPD.U, RID.U, RIE.U, RXD.U, RXE.U, RGRE.U and RIG.U 

 

Please note that the above estimated annual reinvested capital gains distributions do not include the monthly cash distributions for December 2019, which are reported separately.

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

Forward-looking information:
This notice contains forward-looking statements with respect to the annual reinvested capital gains distributions for the RBC ETFs. By their nature, these forward-looking statements involve risks and uncertainties that could cause the actual distributions to differ materially from the estimated distributions set forth in this notice. Factors that could cause the actual distributions to differ from the estimated distributions between now and December 31, 2019 (certain of the RBC ETFs' tax year end, as applicable) include, but are not limited to: the actual amounts of distributions received by the RBC ETFs; the actual amounts of capital gains generated from sales of securities; trading activity within the RBC ETFs, including buying and selling of securities; and subscription and redemption activity.

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. Distribution estimates do not denote the yield a client may receive. All values are expressed in Canadian dollars, unless otherwise indicated. Totals may not sum due to rounding. The year-end distribution estimates are provided by RBC Global Asset Management Inc. and are for information purposes only. They do not reflect final attributions for tax purposes. For more information, please speak with your investment advisor.

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

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