RBC Indigo Asset Management Inc. announces approval of fund mergers
TORONTO, April 4, 2025 /CNW/ - RBC Indigo Asset Management Inc. ("RBC Indigo") today announced that unitholders approved the proposals to merge the RBC Indigo Terminating Funds into the RBC GAM Continuing Funds as detailed below, at special meetings held on Friday April 4, 2025. The mergers are expected to be effective on or about April 17, 2025 (the "Effective Date").
RBC Indigo Terminating Fund | RBC GAM Continuing Fund |
RBC Indigo Canadian Bond Fund 1,2,3 | RBC Bond Fund |
RBC Indigo Canadian Bond Pooled Fund | RBC Bond Fund |
RBC Indigo Small Cap Growth Fund 1,2,3 | RBC Canadian Mid-Cap Equity Fund |
RBC Indigo Canadian Small Cap Equity Pooled Fund | RBC Canadian Mid-Cap Equity Fund |
RBC Indigo Global High Yield Bond Pooled Fund | RBC High Yield Bond Fund |
RBC Indigo Emerging Markets Debt Fund 4 | RBC Emerging Markets Bond Fund |
RBC Indigo Emerging Markets Debt Pooled Fund | RBC Emerging Markets Bond Fund |
RBC Indigo Chinese Equity Fund 1,3 | RBC China Equity Fund |
1 Investor Series ($US) units of this fund will close on the Effective Date |
2 F Series ($US) units of this fund will close on the Effective Date |
3 Premium Series ($US) units of this fund will close on the Effective Date |
4 Manager Series ($CA) units of this fund will close on the Effective Date |
Unitholders of each RBC Indigo Terminating Fund (with the exception of unitholders of certain series that will be closed) will receive units of the respective RBC GAM Continuing Fund noted above based on the RBC Indigo Terminating Fund's net asset value per unit. The RBC Indigo Terminating Funds will terminate following the completion of the mergers. RBC Indigo will cover all costs and expenses associated with each of the mergers.
The Independent Review Committee of the RBC Indigo Terminating Funds provided their approval or a positive recommendation, as applicable, after determining that the mergers achieve a fair and reasonable result for each of the RBC Indigo Terminating Funds.
Units of the RBC Indigo Terminating Funds will no longer be available for purchase effective as of the close of business on April 10, 2025. Purchases under pre-authorized contribution plans may continue depending on the dealer. Unitholders of the RBC Indigo Terminating Funds may redeem their units up to the close of business on the Effective Date. Investors should consult their dealer for more information.
For more information on the mergers, please see https://www.rbcindigo.com/en/assets/pdfs/press-release/2025/. Details of the mergers are also outlined in the management information circular of the RBC Indigo Terminating Funds dated February 27, 2025. Copies of the management information circular are available on www.sedarplus.ca and https://www.rbcindigo.com/en/regulatory-documents.
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 Indigo Mutual Funds and RBC Indigo Pooled Funds are offered by RBC Indigo and distributed through authorized dealers in Canada. RBC Indigo is a member of the RBC Global Asset Management group of companies and a 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 19 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/peopleandplanet.
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 $710 billion in assets and have approximately 1,600 employees located across Canada, the United States, Europe and Asia.
For more information, please contact:
Jean François Thibault, RBC GAM Corporate Communications, jeanfrancois.thibault@rbc.com, 437-440-5099
SOURCE RBC Global Asset Management Inc.