TORONTO, April 5, 2021 / CNW / – RBC World Asset Administration Inc. (“RBC GAM Inc.”) at this time introduced the closure of BlueBay World US Greenback Convertible Bond Fund (Canada), BlueBay US $ World Convertible Bond Class (Canada) and the RBC World Bond & Foreign money Fund (collectively, the “Funds”) in impact June 25, 2021.

Unitholders might redeem or change their holdings within the Funds till market shut on June 23, 2021. All remaining models will probably be redeemed and the proceeds will probably be distributed to unitholders.

Within the occasion that the Funds are held in registered plans, redemption proceeds will stay within the plan until unitholders instruct in any other case earlier than market shut on June 23, 2021. The transactions could have no tax penalties if the models are held in a registered plan.

If models of the Funds are held in a non-registered account, the closure of the Funds will probably be handled as a deemed disposition and will end in a taxable capital achieve or loss, relying on the person circumstances of every unitholder.

Unitholders are inspired to contact their advisor to debate the closings and their funding choices.

Please seek the advice of your advisor and skim the prospectus or fund information earlier than investing. Commissions, trailing commissions, administration charges and bills could also be related to investing in mutual funds. Mutual funds are usually not assured, their values ​​change often and previous efficiency might not be repeated. RBC Funds, BlueBay Funds, PH&N Funds and RBC Company Class Funds are supplied by RBC GAM Inc. and distributed by licensed sellers in Canada. RBC GAM Inc. is a member of the RBC GAM group of firms and an oblique wholly owned subsidiary of Royal Financial institution of Canada.

About RBC
Royal Financial institution of Canada is a worldwide monetary establishment with a goal-oriented and principle-driven strategy to delivering world-class efficiency. Our success comes from the greater than 86,000 workers who use their creativeness and data to deliver our imaginative and prescient, values ​​and technique to life in order that we can assist our clients thrive and our communities to thrive. As From Canada largest financial institution and one of many largest on the planet based mostly on market capitalization, we’ve a various enterprise mannequin centered on innovation and delivering distinctive experiences to our 17 million clients in Canada, america and 34 different nations. Be taught extra about

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About RBC World Asset Administration
RBC World Asset Administration (RBC GAM) is the asset administration division of Royal Financial institution of Canada (RBC) and consists of portfolio managers BlueBay Asset Administration and Phillips, Hager & North Funding Administration. RBC GAM is a supplier of worldwide funding administration companies and options to institutional, excessive web value and retail buyers by segregated accounts, mutual funds, mutual funds, hedge funds, alternate traded funds and specialised funding methods. The RBC GAM group of firms manages roughly 540 billion {dollars} belongings and have round 1,400 workers unfold throughout Canada, United States, Europe and Asia.

SOURCE RBC World Asset Administration Inc.

For additional data: Brandon Dorey, RBC GAM Company Communications, 416-955-7397, [email protected]

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