RBC Global Asset Management Inc. announces RBC ETF monthly cash distributions for November 2014

TORONTO, Nov. 13, 2014 /CNW/ - RBC Global Asset Management Inc. today announced November 2014 cash distributions for unitholders of RBC ETFs.

RBC ETF monthly cash distributions for November are as follows:

* Cash distribution per unit ($) amounts are USD for RUD.U, RPD.U, RID.U and RXD.U

Unitholders of record on November 24, 2014 will receive distributions payable on November 28, 2014. The ex-dividend date is November 20, 2014.

The RBC Target 2014 Corporate Bond Index ETF (RQB) is scheduled to mature effective the close of business on Friday, November 21, 2014.  At that time, the final net asset value of the RBC Target 2014 Corporate Bond Index ETF (RQB) will be announced and distributed to remaining unitholders on a pro rata basis.    

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

About RBC Global Asset Management and RBC Wealth Management
RBC Global Asset Management (RBC GAM) is the asset management division of Royal Bank of Canada (RBC), and includes institutional money managers BlueBay Asset Management and Phillips, Hager & North Investment Management. RBC GAM is a provider of global investment management services and solutions to individual, high-net-worth and institutional investors through mutual funds, exchange-traded funds, hedge funds, pooled funds, separate accounts and specialty investment strategies. RBC GAM group of companies manage more than C$350 billion in assets and have approximately 1,200 employees located across Canada, the United States, Europe and Asia.

RBC Global Asset Management is part of RBC Wealth Management, which is one of the world's top five largest wealth managers*. RBC Wealth Management directly serves affluent, high-net-worth and ultra-high net worth clients in Canada, the United States, Latin America, Europe, the Middle East, Africa, and Asia with a full suite of banking, investment, trust and other wealth management solutions. The business also provides asset management products and services directly and through RBC and third party distributors to institutional and individual clients, through its RBC Global Asset Management business (which includes BlueBay Asset Management). RBC Wealth Management has more than C$690 billion of assets under administration, more than C$426 billion of assets under management and approximately 4,400 financial consultants, advisors, private bankers, and trust officers. For more information, please visit www.rbcwealthmanagement.com.

*Scorpio Partnership Global Private Banking KPI Benchmark 2014. In the United States, securities are offered through RBC Wealth Management, a division of RBC Capital Markets, LLC, a wholly owned subsidiary of Royal Bank of Canada. Member NYSE/FINRA/SIPC.

SOURCE RBC