RBC Global Asset Management Inc. (RBC GAM) announced on Friday that the name of RBC $U.S. Income Fund will change to RBC U.S. Monthly Income Fund.
The investment objectives and strategies of the fund have not changed. The fund will continue to offer a U.S. dollar purchase option. The change is effective today, upon the renewal of the RBC Funds 2014 Simplified Prospectus.
In addition, RBC GAM announced that effective Aug. 11, 2014, the RBC U.S. Monthly Income Fund will offer a Canadian dollar purchase option available to investors through the following: Series A, Advisor Series, Series F (available via financial advisors), Series D (available via direct-to-client platforms, PH&N Investment Services and RBC Direct Investing) and Series H and I.