RBC Asset Management Inc. today announced its decision to close the RBC O’Shaughnessy Canadian Equity Fund to new purchases effective Jan. 19, 2007. This change will not affect existing investments in the fund.

RBC says the fund has been extremely successful and has grown rapidly in size, approaching $2 billion in assets. Closing the fund to new purchases will provide the best opportunity for continued success in its investment approach, it says.

Unitholders who have elected to automatically reinvest distributions will continue to do so unless they instruct their advisor otherwise. Further, only purchases through pre-authorized investment plans that dealers have established directly with RBC Asset Management, prior to Jan. 19, 2007, will continue.

If unitholders are unclear about how their pre-authorized investment plan is established, or are opening a new pre-authorized investment plan prior to January 19, 2007, they are being encouraged to confirm with their advisor that their plan is set up with RBC Asset Management.