Business
RBC Global Asset Management Inc. closes Phillips, Hager & North High Yield Bond Fund to new investors
RBC Global Asset Management Inc. closes Phillips, Hager & North High Yield Bond Fund to new i...
About this update from Royal Bank Of Canada
[{"type":"text","content":"\n\n \n \n \n RBC Global Asset Management Inc. closes Phillips, Hager & North High Yield Bond Fund to new investors\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n RBC Global Asset Management Inc. closes Phillips, Hager & North High Yield Bond Fund to new investors\n \n \n Canada NewsWire\n \n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n June 21, 2024\n \n \n /CNW/ - RBC Global Asset Management Inc. (\"RBC GAM Inc.\") today announced that as of\n \n June 28, 2024\n \n , Phillips, Hager & North High Yield Bond Fund (the \"Fund\") will be closed to new investors.\n \n \n \n \n \n \n \n \n \n The Fund was re-opened to new investors on\n \n June 10, 2024\n \n , as recent opportunities provided the portfolio manager with additional capacity, which has now been fulfilled due to significant demand from investors.\n \n \n Purchase orders by new investors submitted on or before\n \n 4:00 pm ET\n \n on\n \n June 28, 2024\n \n , 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.\n \n \n 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\n \n Canada\n \n . RBC GAM Inc. is a member of the RBC GAM group of companies and an indirect wholly owned subsidiary of Royal Bank of\n \n Canada\n \n .\n \n \n \n About RBC\n \n \n Royal Bank of\n \n Canada\n \n 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\n...