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RBC Asset Management introduces new RBC Canadian Diversified Income Trust Fund


WEBWIRE

For investors looking for diversified exposure to Canadian income trusts and a steady stream of tax-efficient cash flow

TORONTO, August 28, 2006 — RBC Asset Management Inc. today launched the RBC Canadian Diversified Income Trust Fund.

“At 10 per cent of the S&P/TSX Composite Index, income trusts have grown to represent a significant part of the Canadian market, which we expect to continue to grow,” said Brenda Vince, president, RBC Asset Management Inc. “Currently at RBC Asset Management, we manage over $2 billion in income trust investments across our existing line-up of RBC Funds and RBC Private Pools. We’re pleased to now offer investors a specific solution that offers diversified exposure to income trusts, along with the benefits of experienced professional investment management.”

The RBC Canadian Diversified Income Trust Fund further expands the RBC line-up of income solutions for investors who are looking to maximize the cash flow they receive from their portfolio.

The RBC Canadian Diversified Income Trust Fund is designed to provide a steady stream of tax-efficient monthly cash flow, with the monthly cash distribution currently set at $0.08 per unit. The Fund’s initial cash payout rate is 5.50 per cent per annum, based on the $17.50 per unit launch price. The Fund will invest primarily in a diversified portfolio of Canadian income trusts, including business trusts, royalty trusts, real estate trusts, and power and pipeline trusts.

Disclosure
The initial cash payout rate is a hypothetical annualized rate of cash flow based on the $17.50 per unit launch price and assumes 12 consecutive months of monthly distributions at the rate of $0.08 per unit. The initial cash payout rate should not be confused with the performance or annual rate of return for the Fund. The cash distribution rate is not guaranteed and may be changed by the fund manager as market conditions change.

Please read the prospectus before investing. There may be commissions, trailing commissions, management fees and expenses associated with mutual fund investments. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

About RBC Asset Management
RBC Asset Management Inc. is an indirect, wholly owned subsidiary of Royal Bank of Canada. RBC Asset Management Inc. provides a broad range of investment services to investors through mutual funds, pooled funds and separately managed portfolios. With over $66 billion in assets under management and offices in major financial centres around the world, RBC Asset Management Inc. is one of Canada’s largest money managers. Visit our website at www.rbcfunds.com.



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