RBC changes distribution plan on some ETFs

RBC Global Asset Management has announced the cash distributions of the RBC Target Maturity Corporate Bond ETFs will be paid out monthly instead of on a quarterly basis, effective immediately.

“Since launching the suite of RBC ETFs, we have continued in our efforts to improve the offering for investors,” said Cary Blake, vice-president, RBC Global Asset Management Inc. “As a result, we believe this change to the frequency of the distribution will more effectively meet the needs of Canadian investors, providing the certainty and comfort of a source for steady, regular, monthly income.”

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