Companies RBC Global Asset Management IE Staff Share this article and your comments with peers on social media RBC Global Asset Management Inc. Friday announced the final valuation of the RBC Target 2014 Corporate Bond Index ETF (TSX: RQB). As announced earlier this year, the fund will mature effective the close of business Nov. 21. The final net asset value (NAV) per unit of the ETF is $18.7720, consisting of $0.0854 of income per unit and $18.6866 of capital per unit. The maturity proceeds will be paid out of the ETF today to the holders of the remaining outstanding units. Unlike traditional ETFs, which have a perpetual life, target maturity ETFs have a specified maturity date established when the ETF is launched. When the ETF reaches the maturity date, the ETF’s final net asset value is returned to the current unitholders. A target maturity 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. These ETFs do not seek to return any predetermined amount at maturity. Facebook LinkedIn Twitter
Original founder re-acquires OpTic GamingHector Rodriguez takes esports organization back after Immortals Gaming Club acquisition last yearRebekah ValentineSenior Staff WriterWednesday 11th November 2020Share this article Recommend Tweet ShareOriginal founder Hector Rodriguez has re-acquired OpTic Gaming from Immortals Gaming Club.In a statement today, Rodriguez announced he had been granted full ownership of the esports organization, and had unwound his prior standing interests with Immortals Gaming Club, including minority ownership of its League of Legends team.Rodriguez joined OpTic Gaming one year after its creation originally as a Call of Duty team, and was one of the founders of the group as an official organization.Related JobsSenior QA Engineer Gaming Studio Baltic Region UK & Europe Big PlanetLead Game Programmer – Quebec Province Quebec Big PlanetSenior Build Engineer – AAA Studio – Yorkshire UK & Europe Big PlanetDiscover more jobs in games He sold his majority share in the company in 2017 to Neil Leibman and Chris Chanel, who created holding company Infinite Esports & Entertainment for OpTic Gaming as well as the Houston Outlaws and a number of other esports interests. Rodriguez remained OpTic CEO.However, the holding company underwent layoffs in 2018, with then-president Ryan Musselman attributing the company’s issues to it growing too rapidly.Infinite Esports was then acquired by Immortals Gaming Club in June of last year, and Rodriguez departed his role of CEO shortly after to join NRG, though he retained a minority interest.Celebrating employer excellence in the video games industry8th July 2021Submit your company Sign up for The Daily Update and get the best of GamesIndustry.biz in your inbox. Enter your email addressMore storiesMTG loses money in Q1 despite greater revenuesESL Gaming parent company doesn’t expect a significant return to live esports events until 2022By Brendan Sinclair 12 days agoGrid secures $10m in Series A fundingGerman-based esports data company will use the “investment to take on the US”By Jeffrey Rousseau A month agoLatest comments Sign in to contributeEmail addressPasswordSign in Need an account? Register now.