RBC Global Asset Management Inc. announces approval of fund changes and mergers

TORONTO, Feb. 13, 2026 /CNW/ - RBC Global Asset Management Inc. ("RBC GAM Inc.") today announced that unitholders approved the investment objective changes and mergers of the RBC O'Shaughnessy Funds and RBC U.S. Small-Cap Equity Funds as detailed below, at special meetings held on Friday February 13, 2026. The changes and mergers are expected to be effective on or about March 13, 2026 (the "Effective Date").

Changes to certain RBC Funds

On the Effective Date, RBC O'Shaughnessy U.S. Value Fund and RBC O'Shaughnessy International Equity Fund will be transitioned to the RBC Quantitative Investments team, and will have the following new names and investment objectives:

• RBC QUBE U.S. Equity Currency Neutral Fund (formerly, RBC O'Shaughnessy U.S. Value Fund) seeks to provide long-term capital growth while minimizing the exposure to currency fluctuations between the U.S. and Canadian dollars. It will invest primarily in equity securities of U.S. companies using a quantitative investment approach either directly or indirectly through investment in other mutual funds managed by RBC GAM Inc. or an affiliate of RBC GAM Inc. It will also use derivatives to hedge against the fluctuations in the value of the U.S. dollar relative to the Canadian dollar.
• RBC QUBE International Equity Fund (formerly, RBC O'Shaughnessy International Equity Fund) seeks to provide long-term capital growth and will invest primarily in equity securities of companies outside of North America using a quantitative investment approach.

After the Effective Date, distributions of any net income for RBC QUBE U.S. Equity Currency Neutral Fund will be made annually instead of quarterly.

Mergers of certain RBC Funds

With respect to the mergers, unitholders of each RBC O'Shaughnessy Fund or RBC U.S. Small-Cap Equity Fund (the "Merging Funds") will receive units of the respective Continuing Fund noted below based on the Continuing Fund's net asset value per unit. The Merging Funds will terminate following completion of the mergers. RBC GAM Inc. will cover all costs and expenses associated with the mergers.

 

The Independent Review Committee of the RBC O'Shaughnessy Funds and RBC U.S. Small-Cap Equity Funds provided their positive recommendation, after determining that the investment objective changes and mergers achieve a fair and reasonable result for each of the RBC O'Shaughnessy Funds and RBC U.S. Small-Cap Equity Funds.

The mergers will trigger a tax year-end in both a Merging Fund and its Continuing Fund, which will result in the distribution of any income earned and capital gains realized up to the date of the distribution. These distributions, if any, are expected to be paid on March 12, 2026, to unitholders of record of the applicable Merging Funds and Continuing Funds as of March 11, 2026. Distribution estimates will be available on or about February 18, 2026, on this website: www.rbcgam.com/fund-mergers-distribution-estimates-0226.

Units of the Merging Funds will no longer be available for purchase effective as of the close of business on March 10, 2026. Purchases under pre-authorized contribution plans may continue depending on the dealer. Investors should consult their dealer for more information.

The RBC U.S. Small-Cap Equity Funds are no longer available for purchase by new investors. Only existing unitholders of RBC U.S. Small-Cap Equity Funds can continue to make additional investments into the funds.

Unitholders of the Merging Funds may redeem their units up to the close of business on the Effective Date.

For more information on the changes and mergers, please see our previous press release. Details of the changes and mergers are also outlined in the management information circular dated December 30, 2025. Copies of the management information circular are available on SEDAR+ at www.sedarplus.ca.

About RBC

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 100,000+ 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 more than 19 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/peopleandplanet.

About RBC Global Asset Management

RBC Global Asset Management (RBC GAM) is the asset management division of Royal Bank of Canada (RBC). 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. RBC Funds, BlueBay Funds, PH&N Funds and RBC ETFs are offered by RBC Global Asset Management Inc. (RBC GAM Inc.) and distributed through authorized dealers in Canada. The RBC GAM group of companies, which includes RBC GAM Inc. (including PH&N Institutional), manage approximately $790 billion in assets and have approximately 1,600 employees located across Canada, the United States, Europe and Asia.

For more information, please contact:

Brandon Dorey, RBC GAM Corporate Communications, 416-955-7397

SOURCE RBC Global Asset Management Inc.

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