RBC Global Asset Management (U.S.) Retirement Announcement

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Decline

MINNEAPOLIS, June 18, 2024 – RBC Global Asset Management-U.S. (“RBC GAM- U.S.”) today announced that Raye Kanzenbach, Senior Portfolio Manager on the BlueBay U.S. Fixed Income team, is planning to retire from RBC Global Asset Management on December 31, 2024 after a successful 51-year career in the investment industry. Mr. Kanzenbach is a senior portfolio manager of the RBC BlueBay U.S. Intermediate Municipal Fixed Income strategy and is an Impact Bond and Access Capital’s credit expert for taxable Munis.

Mr. Kanzenbach co-founded Insight Bond Management in 1983, which was a subsidiary of Dain Bosworth (predecessor of RBC Wealth Management) that managed fixed income portfolios for individuals and small insurance companies. In 1991, Insight assumed oversight of Dain Bosworth’s money market funds (named Great Hall Funds) and Raye served as portfolio manager of those funds. He went on to be named the Chief Investment Officer of Insight during the 1990s. Raye has dedicated more than 40 years of his career to RBC (and its predecessor businesses), being a portfolio manager of municipal bonds for individuals, institutions and mutual funds.

Valinie Dayaljee has been appointed Portfolio Manager within the team and assumes the responsibility for managing the RBC BlueBay U.S. Intermediate Municipal Fixed Income strategy, effective June 1, 2024. After working alongside Raye for the past six years, she will take on the role of lead portfolio manager for this strategy upon Raye’s retirement.