RBC Asset Management Inc. has announced the following changes in its line-up of funds:

Effective Sept. 30, the assets of RBC O’Shaughnessy Canadian Equity Fund will be managed in four segments, instead of two. Each segment will have its own anniversary date: March 31, June 30, Sept. 30 and Dec. 31. One quarter of the portfolio will be re-balanced at each anniversary date, investing in stocks based on information available on or about its anniversary date. Each segment will then be maintained and re-balanced annually.

Effective Oct. 3, RBC Asset Management will add the TD Short Term Bond Fund and the TD Canadian Bond Fund to its RBC Select Choices Portfolios program.

Effective Dec. 9, the RBC Monthly Income Fund will be closed to new purchases in registered plans. The fund will continue to accept all new purchases from non-registered investment accounts. This change will not affect investors’ current holdings in the fund. Unitholders in registered plans with pre-authorized investment plans established on or before Dec. 9 may continue to make these regular contributions.

Effective Sept. 30, RBC will increase the monthly distributions for the RBC Cash Flow Portfolio from 3.60 cents to 4.25 cents per unit and the RBC Enhanced Cash Flow Portfolio from 4 cents to 5.25 cents per unit.