RBC Asset Management Inc. announced today that it is closing the RBC Private Canadian Growth and Income Pool to new purchases, effective September 1. The Pool is sub-advised by Greystone Managed Investments Inc.

RBC says change will not affect existing investments in the Pool. Purchases through automatically reinvested distributions will continue unless unitholders instruct their dealer otherwise.

According to RBC, the investment strategy applied to the Pool has been very successful, resulting in rapid growth in assets over the past three years. Closing the Pool to new investments provides the best opportunity for continued success for current investors.