Canada NewsWire
TORONTO, March 6, 2017
TORONTO, March 6, 2017 /CNW/ - RBC Global Asset Management Inc.
announced today that the BonaVista Global Balanced Fund and the BonaVista Canadian Equity Value Fund (the "Funds") will close on
May 26, 2017.
Units of the Funds are no longer available for purchase effective immediately. Unitholders may redeem or switch their holdings
in the Funds until market close on May 26, 2017, at which time any remaining units will be redeemed
and the proceeds distributed to unitholders. In the case of registered plans, unless unitholders instruct otherwise in advance of
market close on May 26, 2017 the redemption proceeds will remain within the plan.
The Funds are being closed as a result of their small size and duplication with existing investment mandates offered by RBC
Global Asset Management Inc.
About RBC Global Asset 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 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 C$390 billion in assets and have approximately
1,400 employees located across Canada, the United States,
Europe and Asia.
SOURCE RBC Global Asset Management Inc.
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