Mr. Brandon Dorey reports

RBC GLOBAL ASSET MANAGEMENT INC. ANNOUNCES FINAL DETAILS ON MATURITY OF RBC TARGET 2026 CANADIAN GOVERNMENT BOND ETF, RBC TARGET 2026 CANADIAN CORPORATE BOND INDEX ETF AND RBC TARGET 2026 U.S. CORPORATE BOND ETF

RBC Global Asset Management Inc. has released final details regarding the scheduled maturity of RBC Target 2026 Canadian Government Bond ETF, RBC Target 2026 Canadian Corporate Bond Index ETF and RBC Target 2026 U.S. Corporate Bond ETF.

As announced earlier this year, the maturing exchange-traded funds will mature effective the close of business on Friday, Sept. 11, 2026. In anticipation of their maturity, subscriptions for units of the maturing ETFs will no longer be accepted after the close of business today, Wednesday, Aug. 12, 2026.

Redemption requests for the maturing ETFs will be accepted until the close of business on Tuesday, Sept. 8, 2026. The maturing ETFs are anticipated to be voluntarily delisted from the TSX, at the request of RBC GAM Inc., following the close of business on or about Wednesday, Sept. 9, 2026. Investors may continue to buy or sell units of the maturing ETFs on a stock exchange until the delisting date. All units held by investors following the delisting will be subject to mandatory redemption on the maturity date.

Prior to the maturity date, RBC GAM Inc. will, to the extent reasonably possible, sell and convert the assets of the maturing ETFs to cash. After paying or making adequate provision for the liabilities and obligations of the maturing ETFs, RBC GAM Inc. will, as soon as practicable following the maturity date, distribute the net assets of each maturing ETF pro rata among the unitholders of record on the maturity date based on the net asset value per unit.

RBC GAM Inc. will issue an additional press release on or about the maturity date confirming the final details.

Investors have the option to either invest the proceeds from the maturing ETFs into a subsequent maturing RBC Target Maturity Bond ETF or to utilize the proceeds in a ladder strategy to help manage interest rate and reinvestment risk.

Unlike traditional exchange-traded funds, which have a perpetual life, the RBC Target Maturity Bond ETFs have a specified maturity date established when they are launched. When the RBC Target Maturity Bond ETFs reach their maturity dates, their final net asset value is returned to the current unitholders.

An RBC Target Maturity Bond ETF's portfolio contains fixed-income securities that mature throughout its stated maturity year. This structure results in a duration profile similar to that of an individual bond, where the ETF's duration should decline as it approaches maturity, reducing sensitivity to interest rate changes.

The suite of RBC Target Maturity Bond ETFs focuses on providing investors with simple and transparent access to a wide range of diversified bond portfolios and the ability to manage duration more precisely, through six RBC Target Maturity Canadian Government Bond ETFs, six RBC Target Maturity Canadian Corporate Bond ETFs and six RBC Target Maturity U.S. Corporate Bond ETFs, each with maturities ranging from 2027 to 2032.

Commissions, management fees and expenses all may be associated with investments in ETFs. Please read the applicable prospectus or ETF facts document before investing. ETFs are not guaranteed, their values change frequently and past performance may not be repeated. ETF units are bought and sold at market price on a stock exchange, and brokerage commissions will reduce returns. RBC ETFs do not seek to return any predetermined amount at maturity. Index returns do not represent RBC ETF returns. RBC ETFs are managed by RBC GAM Inc., a member of the RBC GAM group of companies and an indirect wholly owned subsidiary of Royal Bank of Canada.

RBC Target 2026 Canadian Government Bond ETF, RBC Target 2026 Canadian Corporate Bond Index ETF and RBC Target 2026 U.S. Corporate Bond ETF do not seek to deliver a predetermined amount at maturity, and the amount an investor receives may be more or less than their original investment.

The Canadian TMCB ETFs have been developed solely by RBC GAM Inc. and are not in any way connected to or sponsored, endorsed, sold or promoted by the London Stock Exchange Group PLC and its group undertakings. All rights in the FTSE Maturity Corporate Bond Indices vest in the relevant LSE Group company which owns the FTSE Maturity Corporate Bond Indices. FTSE is a trademark of the relevant LSE Group company and is used by any other LSE Group company under licence.

The FTSE Maturity Corporate Bond Indices are calculated by or on behalf of FTSE Global Debt Capital Markets Inc. or its affiliate, agent or partner. The LSE Group does not accept any liability whatsoever to any person arising out of: (a) the use of, reliance on or any error in the FTSE Maturity Corporate Bond Indices; or (b) investment in or operation of the Canadian TMCB ETFs. The LSE Group makes no claim, prediction, warranty or representation either as to the results to be obtained from the Canadian TMCB ETFs or the suitability of the FTSE Maturity Corporate Bond Indices for the purpose to which they are being put by RBC GAM Inc.