RBC Global Asset Management Inc. Announces Re-Opening of Phillips, Hager & North High Yield Bond Fund

TORONTO, June 7, 2024 /CNW/ – RBC Global Asset Management Inc. (“RBC GAM Inc.”) has announced that the Phillips, Hager & North High Yield Bond Fund will re-open to new investors on June 10, 2024.

Managed by Hanif Mamdani, managing director and head of Alternative Investments at RBC GAM Inc., the Fund has a 20-year track record. It aims to provide a high level of income and the opportunity for capital appreciation by investing primarily in a diversified portfolio of fixed income securities issued by Canadian, U.S., and foreign corporations and governments.

The Fund was previously capped to new investors on July 29, 2022, but now has limited additional capacity for new purchases. RBC GAM Inc. reserves the right to cap the Fund or restrict investment at a later date.

Investors are advised to consult with their advisors and review the prospectus or Fund Facts document before investing. Mutual funds are subject to commissions, trailing commissions, management fees, and expenses. Past performance may not be indicative of future results.

RBC Global Asset Management Inc. is a member of the RBC GAM group of companies and a subsidiary of Royal Bank of Canada.

About RBC
Royal Bank of Canada is a global financial institution focused on delivering leading performance through a purpose-driven, principles-led approach. With a diversified business model and a commitment to innovation, RBC serves over 18 million clients in Canada, the U.S., and 27 other countries.

About RBC Global Asset Management
RBC Global Asset Management is the asset management division of Royal Bank of Canada, offering investment management services to institutional, high-net-worth, and individual investors. The RBC GAM group of companies manages approximately $625 billion in assets and has employees across Canada, the United States, Europe, and Asia.

SOURCE RBC Global Asset Management Inc.