Canada NewsWire
TORONTO, June 20, 2016
TORONTO, June 20, 2016 /CNW/ - RBC Global Asset Management
Inc. ("RBC GAM Inc.") today announced that PH&N Short Term Bond & Mortgage Fund, PH&N Bond Fund and PH&N Community
Values Bond Fund ("the Funds") will be closed to new investors effective Monday, July 4, 2016.
Existing investors will continue to be able to make additional investments into the Funds.
RBC GAM Inc. proactively made the decision to limit inflows to the Funds in order to preserve the respective portfolio
management teams' ability to fulfill their mandates over the long term and to maintain the integrity of their disciplined
management approach.
Purchase orders by new investors submitted on or before 4:00 pm ET on Monday, July 4, 2016 will be processed.
Please consult your advisor and read the prospectus or Fund Facts document before investing. There may be commissions, trailing
commissions, management fees and expenses associated with mutual fund investments. Mutual funds are not guaranteed, their values
change frequently and past performance may not be repeated. RBC Funds, PH&N Funds and BlueBay Funds are offered by RBC Global
Asset Management Inc. and distributed through authorized dealers.
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 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 more than $380 billion in assets and have approximately 1,300 employees located across
Canada, the United States, Europe and Asia.
SOURCE RBC
