RBC Global Asset Management Inc. announces estimated annual reinvested capital gains distributions for RBC ETFs

TORONTO, Dec. 20, 2017 /CNW/ - RBC Global Asset Management Inc. today announced the estimated 2017 annual reinvested capital gains distributions for unitholders of RBC ETFs.

Unitholders of record as of December 29, 2017, will receive the 2017 reinvested capital gains distributions on January 5, 2018.

The annual capital gains distributions for RBC ETFs generally represent realized capital gains within the ETFs and will not be paid in cash, but will be reinvested and reported as a taxable distribution. The reinvested capital gains distributions will increase the unitholder's adjusted cost base for the respective ETF.

The estimated 2017 annual reinvested capital gains distributions for the RBC ETFs are:

Please note that the above annual reinvested capital gains distributions do not include the monthly cash distributions for December 2017, which are reported separately.

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

The actual taxable amounts of cash and reinvested distributions for 2017, including the tax characteristics of the distributions, will be reported to brokers (through CDS Clearing and Depository Services) in early 2018. Distribution estimates are only approximations, are not guaranteed and are subject to change prior to the final distribution date. 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 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 Global Asset Management Inc., 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 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 approximately $400 billion in assets and have approximately 1,400 employees located across Canada, the United States, Europe and Asia.

SOURCE RBC

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