TORONTO, May 16, 2023 /CNW/ - RBC Global Asset Management Inc. ("RBC GAM Inc.") today announced May 2023 cash distributions for unitholders of RBC ETFs, as follows:

FUND NAME	FUND TICKER	CASH DISTRIBUTION PER UNIT
RBC 1-5 Year Laddered Canadian Bond ETF	RLB	$0.040
RBC 1-5 Year Laddered Corporate Bond ETF	RBO	$0.040
RBC Target 2024 Government Bond ETF	RGQL	$0.025
RBC Target 2025 Government Bond ETF	RGQN	$0.025
RBC Target 2026 Government Bond ETF	RGQO	$0.020
RBC Target 2027 Government Bond ETF	RGQP	$0.025
RBC Target 2028 Government Bond ETF	RGQQ	$0.030
RBC Target 2029 Government Bond ETF	RGQR	$0.030
RBC Target 2023 Corporate Bond Index ETF	RQK	$0.030
RBC Target 2024 Corporate Bond Index ETF	RQL	$0.042
RBC Target 2025 Corporate Bond Index ETF	RQN	$0.043
RBC Target 2026 Corporate Bond Index ETF	RQO	$0.026
RBC Target 2027 Corporate Bond Index ETF	RQP	$0.047
RBC Target 2028 Corporate Bond Index ETF	RQQ	$0.045
RBC Target 2029 Corporate Bond Index ETF	RQR	$0.051
RBC Canadian Discount Bond ETF	RCDB	$0.020
RBC PH&N Short Term Canadian Bond ETF	RPSB	$0.041
RBC Short Term U.S. Corporate Bond ETF	RUSB	$0.047
RBC Short Term U.S. Corporate Bond ETF (USD Units)*	RUSB.U	$0.035
RBC Canadian Preferred Share ETF	RPF	$0.090
RBC Quant Canadian Dividend Leaders ETF	RCD	$0.082
RBC Canadian Dividend Covered Call ETF	RCDC	$0.115
RBC Canadian Bank Yield Index ETF	RBNK	$0.095
RBC Quant U.S. Dividend Leaders ETF	RUD	$0.080
RBC Quant U.S. Dividend Leaders ETF (USD Units)*	RUD.U	$0.060
RBC Quant U.S. Dividend Leaders (CAD Hedged) ETF	RUDH	$0.060
RBC U.S. Dividend Covered Call ETF	RUDC	$0.101
RBC U.S. Banks Yield Index ETF	RUBY	$0.045
RBC U.S. Banks Yield Index ETF (USD Units)*	RUBY.U	$0.034
RBC U.S. Banks Yield (CAD Hedged) Index ETF	RUBH	$0.040
RBC Quant European Dividend Leaders ETF	RPD	$0.070
RBC Quant European Dividend Leaders ETF (USD Units)*	RPD.U	$0.052
RBC Quant European Dividend Leaders (CAD Hedged) ETF	RPDH	$0.065
RBC Quant EAFE Dividend Leaders ETF	RID	$0.080
RBC Quant EAFE Dividend Leaders ETF (USD Units)*	RID.U	$0.060
RBC Quant EAFE Dividend Leaders (CAD Hedged) ETF	RIDH	$0.070
RBC Quant Emerging Markets Dividend Leaders ETF	RXD	$0.050
RBC Quant Emerging Markets Dividend Leaders ETF (USD Units)*	RXD.U	$0.037

* Cash distribution per unit ($) amounts are USD for RUSB.U, RUD.U, RUBY.U, RPD.U, RID.U, and RXD.U

Unitholders of record on May 24, 2023 will receive distributions payable on May 31, 2023.

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 prospectus or 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 GAM Inc., a member of the RBC GAM group of companies and an indirect wholly-owned subsidiary of Royal Bank of Canada.

RBC Target 2023 Corporate Bond Index ETF, RBC Target 2024 Corporate Bond Index ETF, RBC Target 2025 Corporate Bond Index ETF, RBC Target 2026 Corporate Bond Index ETF, RBC Target 2027 Corporate Bond Index ETF, RBC Target 2028 Corporate Bond Index ETF and RBC Target 2029 Corporate Bond Index ETF, (collectively, the "TMCB ETFs") do not seek to deliver a predetermined amount at maturity, and the amount an investor receives may be more or less than their original investment. The TMCB ETFs have been developed solely by RBC GAM Inc., and are not in any way connected to or sponsored, endorsed, sold or promoted by the London Stock Exchange Group plc and its group undertakings (collectively, the "LSE Group").

All rights in the FTSE Canada 2023 Maturity Corporate Bond Index, FTSE Canada 2024 Maturity Corporate Bond Index, FTSE Canada 2025 Maturity Corporate Bond Index, FTSE Canada 2026 Maturity Corporate Bond Index, FTSE Canada 2027 Maturity Corporate Bond Index, FTSE Canada 2028 Maturity Corporate Bond Index and FTSE Canada 2029 Maturity Corporate Bond Index (collectively, the "FTSE Maturity Corporate Bond Indices") vest in the relevant LSE Group company which owns the FTSE Maturity Corporate Bond Indices. "FTSE®" is a trade mark of the relevant LSE Group company and is used by any other LSE Group company under license.

The FTSE Maturity Corporate Bond Indices are calculated by or on behalf of FTSE Global Debt Capital Markets Inc. or its affiliate, agent or partner. The LSE Group does not accept any liability whatsoever to any person arising out of (a) the use of, reliance on or any error in the FTSE Maturity Corporate Bond Indices or (b) investment in or operation of the TMCB ETFs. The LSE Group makes no claim, prediction, warranty or representation either as to the results to be obtained from the TMCB ETFs or the suitability of the FTSE Maturity Corporate Bond Indices for the purpose to which they are being put by RBC GAM Inc.

The RBC Canadian Bank Yield Index ETF, RBC U.S. Banks Yield Index ETF, and RBC U.S. Banks Yield (CAD Hedged) Index ETF have been developed solely by RBC GAM Inc. and are not sponsored, promoted, sold or supported by Solactive AG ("Solactive"). The Solactive Canada Bank Yield Index, Solactive U.S. Bank Yield NTR Index and Solactive U.S. Bank Yield NTR (CAD Hedged) Index are calculated and published by Solactive. Solactive does not offer any express or implicit guarantee or assurance regarding the results to be obtained from the use of the index or index price nor does Solactive make any representation regarding the advisability of investing in the ETFs.

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 97,000+ 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 17 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com.‎

We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at rbc.com/community-social-impact.

About RBC Global Asset Management

RBC Global Asset Management (RBC GAM) is the asset management division of Royal Bank of Canada (RBC) and includes money managers BlueBay Asset Management and Phillips, Hager & North Investment Management. 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. The RBC GAM group of companies manage approximately $525 billion in assets and have approximately 1,500 employees located across Canada, the United States, Europe and Asia.

SOURCE RBC Global Asset Management Inc.

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RBC Global Asset Management Inc. announces RBC ETF cash distributions for May 2023