RBC GAM Reschedules Important Unitholder Meeting
RBC Global Asset Management Inc. has announced the rescheduling of a significant unitholder meeting for the RBC O'Shaughnessy Funds and RBC U.S. Small-Cap Equity Funds. The meeting is now set for February 13, 2026, where unitholders will discuss changes to investment objectives and proposed mergers.
Unitholder Meeting Details
This meeting was initially scheduled for November 7, 2025, but has been postponed due to a recent Canada Post labour disruption. It is essential for unitholders of various RBC Funds to participate in this meeting to ensure their opinions and preferences are taken into account regarding the modifications being proposed.
Proposed Changes to RBC Funds
During the meeting, participants will review a number of changes impacting the RBC O'Shaughnessy Funds and the RBC U.S. Small-Cap Equity Funds. These changes can significantly affect the management and structure of the respective funds.
Details of Changes to RBC O'Shaughnessy Funds
Effective on or around March 13, 2026, O'Shaughnessy Asset Management, L.L.C. will no longer serve as the sub-advisor for the RBC O'Shaughnessy Funds. RBC GAM proposes to merge these funds into suitable RBC QUBE Funds or transition management to the RBC Quantitative Investments team, with the aim of better serving client needs.
Changes to RBC U.S. Small-Cap Equity Funds
The proposed changes to the RBC U.S. Small-Cap Core Equity Fund and RBC U.S. Small-Cap Value Equity Fund will be outlined during the meeting. These adjustments will also take effect on or around March 13, 2026, and are important for ensuring the alignment of investment strategies with market opportunities.
Procedure for Unitholders
A notice-and-access document will be sent to unitholders of record, providing information on how to access the management information circular. This document will detail the proposed changes and mergers comprehensively. Additionally, unitholders can expect to receive units of the respective continuing fund based on the net asset value per unit, following the completion of any funding mergers.
Independent Review Committee Recommendation
The proposed changes and mergers were submitted to the Independent Review Committee (IRC), which ultimately recommended approval after careful consideration. The IRC determined that the changes benefit the fund holders and align with their long-term objectives.
Unitholder Actions
Unitholders are reminded that units of the merging funds will no longer be available for purchase after March 10, 2026. However, existing unitholders can still redeem their units until the effective merger date. This timeline is crucial for unitholders to strategize their investments ahead of the changes.
About RBC Global Asset Management
RBC Global Asset Management is the asset management entity of Royal Bank of Canada (RBC). The firm specializes in providing investment management services to a range of clients, managing over $700 billion in assets globally. Their diverse offerings include mutual funds, ETFs, and hedge funds, aiming to meet various investment goals.
Contact Information
For more insights and inquiries regarding the unitholder meeting and its implications, please reach out to Brandon Dorey from RBC GAM Corporate Communications at 647-262-6307.
Frequently Asked Questions
What is the date of the rescheduled unitholder meeting?
The unitholder meeting is now scheduled for February 13, 2026.
Why was the meeting postponed?
The meeting was postponed due to a Canada Post labour disruption that affected the mailing process.
What changes are being proposed for the RBC O'Shaughnessy Funds?
The changes involve a merger into suitable RBC QUBE Funds or transitioning management to the RBC Quantitative Investments team.
Who can attend the unitholder meeting?
All unitholders of the RBC O'Shaughnessy Funds and RBC U.S. Small-Cap Equity Funds are encouraged to participate.
How will the mergers affect existing fund units?
Units of the merging funds will no longer be available for purchase after March 10, 2026, but unitholders can redeem their units up until the merger date.
