TORONTO, March 31, 2023 /CNW/ - RBC Global Asset Management Inc. ("RBC GAM Inc.") today announced March 2023 cash distributions for unitholders of ETF Series units of RBC Funds, as follows:

Unitholders of record on April 10, 2023 will receive distributions payable on April 17, 2023.

For further information regarding ETF Series of RBC Funds, please visit www.rbcgam.com/etfsolutions.

Commissions, management fees and expenses all may be associated with investments in ETF Series of RBC Funds ("ETF Series"). Please read the applicable prospectus or ETF Facts before investing. ETF Series are not guaranteed, their values change frequently and past performance may not be repeated. ETF Series units are bought and sold at market price on a stock exchange and brokerage commissions will reduce returns.  RBC Funds are managed by RBC GAM Inc., a member of the RBC GAM group of companies and an indirect wholly-owned subsidiary of Royal Bank of Canada.

Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 97,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada's biggest bank, and one of the largest in the world based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our 17 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com.‎

We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at rbc.com/community-social-impact.

RBC Global Asset Management (RBC GAM) is the asset management division of Royal Bank of Canada (RBC) and includes money managers BlueBay Asset Management and Phillips, Hager & North Investment Management. RBC GAM is a provider of global investment management services and solutions to institutional, high-net-worth and individual investors through separate accounts, pooled funds, mutual funds, hedge funds, exchange-traded funds and specialty investment strategies. The RBC GAM group of companies manage approximately $525 billion in assets and have approximately 1,500 employees located across Canada, the United States, Europe and Asia.

SOURCE RBC Global Asset Management Inc.