RBC Global Asset Management Inc. announces unit splits for RBC Quant U.S. Dividend Leaders ETF and RBC Quant U.S. Dividend Leaders (CAD Hedged) ETF

TORONTO, Oct. 1, 2024 /CNW/ - RBC Global Asset Management Inc. ("RBC GAM Inc.") today announced that it intends to split units of RBC Quant U.S. Dividend Leaders ETF (TSX: RUD and RUD.U), and RBC Quant U.S. Dividend Leaders (CAD Hedged) ETF (TSX: RUDH) (each, an "RBC ETF"), both of which are listed on the Toronto Stock Exchange ("TSX").

Each unit split will be payable on October 15, 2024 (the "Payment Date"), to unitholders of record of the applicable RBC ETF on October 11, 2024 (the "Record Date"). The units of each RBC ETF will trade on a "due bill" basis, as described below, from the opening of the TSX on October 11, 2024, until the close of the TSX on October 15, 2024, inclusive (the "due bill period"). Each affected RBC ETF will begin trading on the TSX on a split-adjusted basis on October 16, 2024.

The "split ratio" shown below indicates the number of units that a unitholder of the affected RBC ETF will hold after the split in relation to the number of units of such RBC ETF held by the unitholder before the split.

RBC ETF Name	Ticker	Split Ratio
RBC Quant U.S. Dividend Leaders ETF	RUD	3:1
RBC Quant U.S. Dividend Leaders ETF (USD Units)	RUD.U	3:1
RBC Quant U.S. Dividend Leaders (CAD Hedged) ETF	RUDH	2:1

Unitholders of RUD and RUD.U on the Record Date will be entitled to receive two additional units of RUD and RUD.U, respectively, for every unit of RUD and RUD.U, respectively, they own on that date.

Unitholders of RUDH on the Record Date will be entitled to receive one additional unit of RUDH for every unit of RUDH they own on that date.

Unit splits increase the number of outstanding units of each affected RBC ETF, while simultaneously lowering the unit price. When a unit split occurs, the net asset value per unit is decreased by the split ratio, resulting in no impact to the market value of the investor's unit position. An investor's cost per unit is also decreased by the same split ratio, although their total cost amount remains unchanged. The unit split is not a taxable event.

The "due bill" trading procedures of the TSX will apply to each RBC ETF's split of its units. A due bill is an entitlement attached to listed securities undergoing a corporate action, such as a unit split. Any trades executed on the TSX during the due bill period will be identified to ensure purchasers of the units of the applicable RBC ETF receive the entitlement to the applicable unit split. The due bill redemption date is expected to be October 16, 2024.

Unitholders do not need to take any action in connection with the unit splits. Unitholders will have their brokerage accounts automatically updated to reflect the unit splits. Unitholders who have questions regarding the impact of the unit splits should contact their brokerage firm.

RBC GAM Inc. reserves the right to cancel or amend these corporate actions if we deem it appropriate to do so before the effective date of October 16, 2024.

For further information regarding RBC ETFs, please visit www.rbcgam.com/etfsolutions.

Commissions, management fees and expenses all may be associated with investments in exchange-traded funds ("ETFs"). Please read the applicable ETF Facts document before investing. ETFs are not guaranteed, their values change frequently, and past performance may not be repeated. ETF units are bought and sold at market price on a stock exchange and brokerage commissions will reduce returns. RBC ETFs do not seek to return any predetermined amount at maturity. Index returns do not represent RBC ETF returns. RBC ETFs are managed by RBC Global Asset Management Inc., which 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 100,000+ 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.

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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 $660 billion in assets and have approximately 1,600 employees located across Canada, the United States, Europe and Asia.

For more information, please contact:
Brandon Dorey, RBC GAM Corporate Communications, 647-262-6307

SOURCE RBC Global Asset Management Inc.