Bulletin
Investor Alert

Nov. 12, 2021, 9:05 a.m. EST

RBC Global Asset Management Inc. announces final valuation of RBC Target 2021 Corporate Bond Index ETF

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Cohen & Steers Quality Income Realty Fund Inc. (RQI)

or Cancel Already have a watchlist? Log In

TORONTO, Nov. 12, 2021 (Canada NewsWire via COMTEX) -- RBC Global Asset Management Inc. ("RBC GAM Inc.") today announced the final valuation of the RBC Target 2021 Corporate Bond Index ETF /zigman2/quotes/207490441/composite RQI -0.53% .

As announced earlier this year, the RBC Target 2021 Corporate Bond Index ETF will mature effective the close of business today, Friday, November 12, 2021. The final net asset value ("NAV") per unit of the ETF is as follows:







        
        
        
                      ETF            TICKER FINAL NAV PER UNIT
        
                         ---
        
                  RBC Target 2021 Corporate
                   Bond Index ETF
             RQI                  $19.3181
        
            ---
        
        


The final NAV per unit consists of the following:







        
                       Income per unit          $0.0000
        
            ---
        
                       Capital per unit        $19.3181
        
            ---
        
                       Final NAV per unit      $19.3181
        
            ---
        
        


The maturity proceeds will be paid out of the ETF today to the holders of the remaining outstanding units.

The suite of RBC Target Maturity Corporate Bond ETFs includes six ETFs with maturities ranging from 2022 to 2027.

Unlike traditional ETFs, which have a perpetual life, target maturity ETFs have a specified maturity date established when the ETF is launched, enabling investors to build customized fixed income portfolios tailored to specific investment needs.

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

Commissions, management fees and expenses all may be associated with investments in exchange-traded funds ("ETFs"). Please read the applicable prospectus or ETF Facts document 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 GAM Inc., a member of the RBC GAM group of companies and an indirect wholly-owned subsidiary of Royal Bank of Canada.

About RBCRoyal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 88,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada's biggest bank, and one of the largest in the world based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our 17 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com.‎

We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at rbc.com/community-social-impact.

About RBC Global Asset ManagementRBC Global Asset Management (RBC GAM) is the asset management division of Royal Bank of Canada (RBC) and includes 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 $580 billion in assets and have approximately 1,500 employees located across Canada, the United States, Europe and Asia.

SOURCE RBC Global Asset Management Inc.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/November2021/12/c4037.html

SOURCE: RBC Global Asset Management Inc.

SOURCE: RBC







        Brandon Dorey, RBC GAM Corporate Communications, brandon.dorey@rbc.com, 416-955-7397
        


COMTEX_396787836/2197/2021-11-12T09:05:00

Is there a problem with this press release? Contact the source provider Comtex at editorial@comtex.com. You can also contact MarketWatch Customer Service via our Customer Center.

Copyright (C) 2021 CNW Group. All rights reserved.

/zigman2/quotes/207490441/composite
US : U.S.: NYSE
$ 17.01
-0.09 -0.53%
Volume: 441,393
Jan. 14, 2022 4:10p
loading...

This Story has 0 Comments
Be the first to comment

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.