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.”
Originally published on Advisor.ca
