RBC Financial Group today issued RBC IA Leon Frazer Yield Deposit Notes Series 7 and 8.

The notes are principal protected and linked to a portfolio comprised 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 Leon Frazer & Associates. The equity investments are managed with similar investment objectives to the IA Canadian Conservative Equity Fund.

Series 7 notes provide monthly coupons equivalent to 100% of the distributions received on the equity and income trust investments. The Series 8 (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 and Gibraltar Consulting Group to registered dealers across Canada, both notes are available to self-directed investors until October 13, and have a maturity date of Oct.18, 2013.

The note program has raised over $150 million since October 2005.