RBC Financial Group today issued RBC IA Clarington Dividend Growth Plus Deposit Notes Series 1 and 2.

The notes are principal protected and linked to a portfolio of Canadian equities, Canadian income trusts, and potentially bonds, in which allocations will be based on a dynamic rebalancing strategy.

The equity and income trust portions of the portfolio are managed by Industrial Alliance Asset Management. The equity investments are managed with similar investment objectives to the IA Ecoflex Dividends Fund.

The Series 1 notes provide monthly coupons equivalent to 100% of the distributions received on the equity and income trust investments.

The Series 2 (Return of Capital Series) notes provide monthly partial principal repayments equivalent to 100% of the distributions received on the equity and income trust investments.

Distributed by IA Clarington to registered dealers across Canada, both series of notes are available to self-directed investors until Dec. 1, 2006 and have a maturity date of June 9, 2014.