Legal Entity

RBC Clearing & Custody, a division of RBC Capital Markets, LLC (“RBC CM”, “we”, “us”, “our”) is registered with the Securities and Exchange Commission (“SEC”) as both a broker-dealer and an investment adviser. RBC Capital Markets, LLC, is a wholly-owned subsidiary of, and separate legal entity from, Royal Bank of Canada. Royal Bank of Canada does not guarantee any debts or obligations of RBC Capital Markets, LLC.

We believe RBC’s assets under administration and market capitalization reflect the company’s fiscal stewardship. However, these business metrics affect neither the performance nor the implied protection of investments held in accounts at RBC Clearing & Custody.

The information provided should not be considered a solicitation to purchase or sell any securities mentioned.