TORONTO, June 21,
2024 /CNW/ - RBC Global Asset Management Inc.
("RBC GAM Inc.") today announced that as of June 28, 2024, Phillips, Hager & North High
Yield Bond Fund (the "Fund") will be closed to new investors.
The Fund was re-opened to new investors on June 10, 2024, as recent opportunities provided
the portfolio manager with additional capacity, which has now been
fulfilled due to significant demand from investors.
Purchase orders by new investors submitted on or before
4:00 pm ET on June 28, 2024, will be processed. Following the
Fund's closure, only existing unitholders will continue to be able
to make additional investments into the Fund at this time.
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, BlueBay Funds, PH&N Funds and RBC Private Pools are
offered by RBC GAM Inc. and distributed through authorized dealers
in Canada. RBC GAM Inc. is a
member of the RBC GAM group of companies and an indirect wholly
owned subsidiary of Royal Bank of Canada.
About RBC
Royal Bank of Canada is a global financial institution with
a purpose-driven, principles-led approach to delivering leading
performance. Our success comes from the 98,000+ 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 more
than 18 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 Management
RBC Global Asset
Management (RBC GAM) is the asset management division of Royal
Bank of Canada (RBC). 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. RBC
Funds, BlueBay Funds, PH&N Funds and RBC ETFs are offered by
RBC Global Asset Management Inc. (RBC GAM Inc.) and distributed
through authorized dealers in Canada. The RBC GAM group of companies, which
includes RBC GAM Inc. (including PH&N Institutional) and RBC
Indigo Asset Management Inc., manage approximately $625 billion in assets and have approximately
1,600 employees located across Canada, the United
States, Europe and
Asia.
SOURCE RBC Global Asset Management Inc.