Invest the Way You Want to, Online at RBC

RBC Direct Investing Inc., RBC InvestEase Inc., and Royal Bank of Canada are separate corporate entities which are affiliated.

RBC Direct Investing Inc. is a wholly owned subsidiary of Royal Bank of Canada and is a Member of the Investment Industry Regulatory Organization of Canada and the Canadian Investor Protection Fund. Royal Bank of Canada and certain of its issuers are related to RBC Direct Investing Inc. RBC Direct Investing Inc. does not provide investment advice or recommendations regarding the purchase or sale of any securities. Investors are responsible for their own investment decisions. RBC Direct Investing is a business name used by RBC Direct Investing Inc.

RBC InvestEase Inc. is a restricted portfolio manager providing access to model portfolios consisting of RBC iShares ETFs with each model portfolio holding up to 100% of RBC iShares ETFs. RBC iShares ETFs are comprised of RBC ETFs managed by RBC Global Asset Management Inc. (RBC GAM) and iShares ETFs managed by BlackRock Canada Limited (BlackRock Canada). RBC GAM and BlackRock Canada have entered into a strategic alliance to bring together their respective ETF products under the RBC iShares brand, and to offer a unified distribution support and service model for RBC iShares ETFs.

Other products and services may be offered by one or more separate corporate entities that are affiliated to RBC InvestEase Inc., including without limitation: Royal Bank of Canada, RBC Direct Investing Inc., RBC Dominion Securities Inc., RBC Global Asset Management Inc., Royal Trust Corporation of Canada and The Royal Trust Company. RBC InvestEase Inc. is a wholly-owned subsidiary of Royal Bank of Canada and uses the business name RBC InvestEase.

The services provided by RBC Direct Investing and RBC InvestEase are only available in Canada.

The ‘Start Trading Commission-Free for 2 years’ offer (the “Offer”) is subject to the following conditions:

You must be a Canadian resident and not have an account with RBC Direct Investing as of the day before the first day of the Offer Period (defined below). By opening a new RBC Direct Investing account (“Eligible Account”) and using the offer code OLF51 between August 9^th, 2021 and September 30, 2021 inclusive (the “Offer Period”) you will receive a rebate of trade commission fees (“Qualifying Commissions”) for up to 50 trades of exchange-listed securities (which includes only equities and ETF products and excludes trades in options) placed via the RBC Direct Investing online investing site or the RBC Mobile⁸ app. The Qualifying Commissions will be available for you to use for up to two years from the day you open the Eligible Account. Rebates of Qualifying Commissions will be deposited into your Eligible Account within 3 to 5 business days of your qualifying trade. One Offer per Eligible Account. The Offer is non-transferable and is not valid in conjunction with any other RBC Direct Investing offer or promotion and the free trades may not be applied against any other account. You are solely liable for any tax consequences associated with the Offer, including any taxes owing for your account in connection with the Offer. Please consult with your tax advisor for any specific questions regarding your personal circumstances and accepting the Offer. This Offer may be amended or withdrawn at any time. For full Terms & Conditions visit www.rbcdirectinvesting.com/startfree/o/.

After the 50 commission-free trades have been used and/or the 2 years have expired, all RBC Direct Investing clients pay $9.95 flat CDN or U.S. per equity trade with no minimum account balance or trading activity required, or $6.95 flat CDN or U.S. per equity trade when you trade 150 times or more per quarter. This pricing only applies to trades placed through an available Automated Service (as such term is defined in RBC Direct Investing’s Operation of Account Agreement), including the online investing site and mobile application. Additional terms and conditions apply. Visit Pricing or call 1-800-769-2560 for complete details.

There is no quarterly maintenance fee charged if your combined assets are $15,000 or more across all of your RBC Direct Investing accounts. If your combined assets are less than $15,000 across all of your RBC Direct Investing accounts, you will be charged one maintenance fee of $25 per quarter (split across all of your accounts). For full details please refer to the complete Commissions and Fees Schedule at www.rbcdirectinvesting.com/fees.

Real-time streaming quotes are available automatically to all clients for exchange listed equities, ETFs and most over-the-counter (OTC) securities. Real-time streaming quotes for options and grey market OTC securities are available to Active Traders and Royal Circle clients upon accepting the terms and conditions of all exchange agreements on the RBC Direct Investing online investing site.

Fund transfers from an RBC Royal Bank account to your RBC Direct Investing account using RBC Online Banking, Direct Investing Online Investing, or the RBC Mobile app are processed in real time between the hours of 4:30 a.m. and 7:54 p.m. ET, seven days a week. Transfers into an RBC Direct Investing account made outside of these hours will be processed the next morning. Transfers out of your RBC Direct Investing account to an RBC Royal Bank account are processed in real-time between 9:00 a.m. and 4:00 p.m. ET, Monday to Friday (excluding holidays). Transfers out of your RBC Direct Investing account made outside of these hours will be processed the next business day. Locked-in, Registered Retirement Income Fund, and Registered Education Savings Plan (transfer out only) accounts excluded. Other conditions apply.

To take advantage of this offer you must not have held an RBC InvestEase account prior to July 23, 2021. Accounts opened from July 23, 2021 to September 30, 2021 using promo code AA375 will not be charged the regular 0.5% management fee by RBC InvestEase for 12 months from the date of account opening. RBC InvestEase will notify clients 60 days in advance of any changes to the fees associated with their account as set out in the investment management agreement. A weighted average management expense ratio between 0.11-0.32% will still apply to the ETFs held in our portfolios. This offer cannot be combined with any other RBC InvestEase offers. RBC InvestEase Inc. reserves the right to amend or withdraw this offer at any time without notice.

RBC InvestEase Inc. reserves the right to amend or withdraw this offer at any time without notice. Your money will not be invested until your account balance reaches $100 or more. Small balances (less than $1,500) may be allocated to a Small Balance portfolio that invests in a limited selection of RBC iShares ETFs and/or cash. Our Small Balance portfolios follow similar risk profiles to our Standard Portfolios while investing in fewer RBC iShares ETFs.

RBC Mobile is operated by Royal Bank of Canada, RBC Direct Investing Inc. and RBC Dominion Securities Inc.