Toronto-based RBC Global Asset Management Inc. announced Tuesday that PH&N High Yield Bond Fund will be closed to new investors as of April 7.

Purchase orders by new investors submitted on or before 16:00 ET on April 7, will be processed.

The fund was re-opened to new investors on March 28, as recent opportunities provided the portfolio manager with a limited amount of additional capacity.

Existing unitholders of the fund will continue to be able to make investments into the fund after it is capped.