RBC Global Asset Management Inc. re-opens Phillips, Hager & North High Yield Bond Fund to new investors

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RBC Global Asset Management Inc. re-opens Phillips, Hager & North High Yield Bond Fund to new investors /* Style Definitions */ span.prnews_span { font-size:8pt; font-family:"Arial"; color:black; } a.prnews_a { color:blue; } li.prnews_li { font-size:8pt; font-family:"Arial"; color:black; } p.prnews_p { font-size:0.62em; font-family:"Arial"; color:black; margin:0in; } RBC Global Asset Management Inc. re-opens Phillips, Hager & North High Yield Bond Fund to new investors Canada NewsWire TORONTO , June 7, 2024 /CNW/ - RBC Global Asset Management Inc. ("RBC GAM Inc.") today announced that Phillips, Hager & North High Yield Bond Fund (the "Fund") will re-open to new investors on June 10, 2024 . The Fund, managed by Hanif Mamdani , managing director and head of Alternative Investments at RBC GAM Inc., has a 20-year track record. It seeks to provide a high level of income and the opportunity for capital appreciation by investing primarily in a well-diversified portfolio of fixed income securities issued by Canadian, U.S. and foreign corporations and governments. The Fund was capped to new investors on July 29, 2022 . It currently has a limited amount of additional capacity, allowing for purchases by new investors as the portfolio manager and the team have identified attractive investment opportunities in fixed income markets. RBC GAM Inc. reserves the right to cap the Fund or otherwise restrict investment at a later date. 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 Canada . RBC GAM Inc. 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 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 b...

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