Mr. Brandon Dorey reports

RBC GLOBAL ASSET MANAGEMENT INC. ANNOUNCES MARCH SALES RESULTS FOR RBC FUNDS, RBC PRIVATE POOLS, RBC ALTERNATIVE FUNDS AND PH&N FUNDS

Royal Bank of Canada's RBC Global Asset Management Inc. (RBC GAM) had March net sales of $185-million for RBC funds, RBC private pools, RBC alternative funds, and PH&N funds. Long-term funds had net sales of $187-million and money market funds had net redemptions of $2-million. Mutual fund assets under management increased by 2.1 per cent.

Mutual fund sales results are based on preliminary data from the Investment Funds Institute of Canada (IFIC) and only include Canadian prospectus-qualified mutual funds.

Portfolio holdings disclosure

Going forward, RBC GAM has determined to make the portfolio holdings of the funds available on its website on a quarterly basis for those unitholders who are interested in this information. Generally, the funds' portfolio holdings will be made available no earlier than 10 business days following the quarter-end (certain funds will have longer periods before posting). This disclosure is in addition to the quarterly portfolio disclosure for the top 25 holdings required to be provided within 60 days of the quarter-end under applicable securities laws.

Please consult your adviser and read the prospectus or fund facts document 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. RBC funds, BlueBay funds, and PH&N funds are offered by RBC GAM and distributed through authorized dealers in Canada. RBC GAM is a member of the RBC GAM group of companies and an indirect wholly owned subsidiary of RBC.

About Royal Bank of Canada

RBC is a global financial institution with a purpose-driven, principle-led approach to delivering leading performance. Its success comes from the more than 94,000 employees who leverage their imaginations and insights to bring the bank's vision, values and strategy to life so RBC can help its clients thrive and communities prosper. As Canada's biggest bank and one of the largest in the world, based on market capitalization, RBC has a diversified business model with a focus on innovation and providing exceptional experiences to its 17 million clients in Canada, the United States and 27 other countries.

About RBC Global Asset Management Inc.

RBC GAM is the asset management division of RBC and includes money managers BlueBay 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 $575-billion in assets and have approximately 1,500 employees located across Canada, the United States, Europe and Asia.