An anonymous director reports

RBC GLOBAL ASSET MANAGEMENT INC. ANNOUNCES ESTIMATED DECEMBER 2023 CASH DISTRIBUTIONS FOR RBC ETFS AND ETF SERIES OF RBC FUNDS

Royal Bank of Canada's RBC Global Asset Management Inc. has estimated December, 2023, cash distributions for unitholders of RBC exchange-traded funds and ETF series of RBC funds.

Please note that these are estimated amounts only, as of Dec. 15, 2023. The estimates could change if the RBC ETFs or ETF series of RBC funds, as applicable, experience subscriptions or redemptions prior to the ex dividend date or for other unforeseen factors.

RBC GAM expects to declare final December monthly cash distributions for RBC ETFs and ETF series of RBC funds on or about Dec. 29, 2023. Unitholders of record on Dec. 29, 2023, will receive distributions payable on Jan. 8, 2024.

The actual taxable amounts of cash and reinvested distributions for 2023, including the tax characteristics of the distributions, will be reported to brokers (through CDS Clearing and Depository Services Inc.) in early 2024.

The estimated December cash distribution amounts per unit for the RBC ETFs are provided in an attached table.

The estimated December cash distribution amounts per unit for ETF series of RBC funds are provided in an attached table.

Please note that the above estimated cash distributions do not include the annual reinvested capital gains distributions for 2023, which are reported separately.

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