Mr. Matt Gierasimczuk reports

RBC GLOBAL ASSET MANAGEMENT INC. ANNOUNCES FINAL DETAILS ON MATURITY OF RBC TARGET 2014 CORPORATE BOND INDEX ETF

RBC Global Asset Management Inc. has released final details regarding the scheduled maturity of RBC Target 2014 Corporate Bond Index ETF.

As announced earlier this year, RBC Target 2014 Corporate Bond Index ETF will mature effective at the close of business on Friday, Nov. 21, 2014. As a result, no direct subscriptions for units of RQB will be accepted after the close of business today, Monday, Sept. 15, 2014.

Redemption requests for the RBC Target 2014 Corporate Bond Index ETF are expected to be accepted until the close of business on Thursday, Nov. 13, 2014. RQB is anticipated to be voluntarily delisted from the Toronto Stock Exchange, at the request of RBC GAM, following the close of business on or about Tuesday, Nov. 18, 2014. All units still held by investors following delisting will be subject to mandatory redemption on the maturity date of Friday, Nov. 21, 2014.

The proceeds from RQB may be invested into a subsequent maturity of an RBC Target Maturity Corporate Bond ETF or utilized in a ladder strategy to help manage interest rate and reinvestment risk.

The RBC GAM family of fixed-income ETFs includes eight target maturity corporate bond index ETFs with maturities ranging from 2014 to 2021, along with the RBC 1-5 Year Laddered Corporate Bond ETF.

Unlike traditional ETFs, which have a perpetual life, target-maturity ETFs have a specified maturity date established when the ETF is launched. When the ETF reaches the maturity date, the ETF's final net asset value is returned to the current unitholders.

A target maturity ETF's portfolio contains fixed-income securities that mature throughout its stated maturity year. This structure results in a duration profile similar to that of an individual bond, where the ETF's duration should decline as it approaches maturity, reducing sensitivity to interest rate changes.