Toronto-based RBC Global Asset Management Inc. (RBC GAM) announced on Tuesday that RBC Target 2015 Corporate Bond Index ETF will not accept any subscriptions for units after the close of business that same day.

RBC GAM announced earlier this year that the exchange-traded fund (ETF), listed as “RQC” in the Toronto Stock Exchange (TSX), would mature at the end of the business day on Nov. 20.

Redemption requests for RQC are expected to be accepted until the close of business on Nov. 12. Clients who would rather not redeem the proceeds from RQC may choose to invest those proceeds into the separate RBC Target Maturity Corporate Bond ETF with a subsequent maturity date. There are six other products in this ETF family, with expiration years that range between 2016 and 2021.

Another option is to utilize the proceeds in a ladder strategy to help manage interest rate and reinvestment risk, RBC GAM’s announcement.

It’s anticipated RQC will be delisted from the TSX, at the request of RBC GAM, following the close of business on or about Nov. 17. All units still held by investors following delisting will be subject to mandatory redemption on Nov. 20.