Mr. Brandon Dorey reports

RBC GLOBAL ASSET MANAGEMENT INC. ANNOUNCES MAY SALES RESULTS FOR RBC FUNDS, PH&N FUNDS AND BLUEBAY FUNDS

RBC Global Asset Management Inc. (RBC GAM Inc.) had May mutual fund net sales of $853-million. Long-term funds had net sales of $747-million and money market funds had net sales of $106-million. Mutual fund assets under management increased by 3.2 per cent.

Mutual fund sales results information is based on preliminary data from the Securities and Investment Management Association (SIMA) (formally the Investment Funds Institute of Canada) and only includes Canadian prospectus qualified mutual funds.

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 Royal Bank of Canada.

About Royal Bank of Canada

Royal Bank is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. The bank's success comes from the 97,000-plus employees who leverage their imaginations and insights to bring RBC'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, the bank has a diversified business model with a focus on innovation and providing exceptional experiences to the bank's more than 19 million clients in Canada, the United States and 27 other countries.