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Strength you can trust

Royal of (RBC) is one of the world’s leading diversified companies. One that is distinguished by a long heritage of financial strength, integrity and unwavering dedication to our clients.

Key facts Canada’s leading Top North American banks4 financial institution • Chartered in 1869 Rank Company Market cap • Largest bank in Canada, with over • Approximately 86,000 employees (US$ B) US$1.65 trillion3 in total assets and speaking over 100 languages a Common Equity Tier 1 capital 1 JPMorgan 462 serve more than 17 million ratio of 12.8% (Basel III)3 2 Bank of America 344 clients worldwide • Recognized for “Best Private 3 & Co. 187 • One of the world’s leading Banking Services Overall” in Canada diversified financial services 4 155 for the eleventh consecutive year companies, providing personal (2018 Euromoney 6 RBC 136 and commercial banking, wealth and Survey) management services, insurance, 7 Schwab Corp 132 corporate and , Stable…safe…sustainable and transaction processing • Consistently strong and stable 4 services on a global basis Top global with a high-quality balance sheet, Rank Company Market cap Among the world’s best proactive risk management and a strong liquidity position (US$ B) • 11th largest bank globally1 as measured by market capitalization, • In 2019, RBC Foundation – 1 JPMorgan 462 with operations in 29 countries USA awarded grants exceeding 2 Bank of America 344 $2.6 million to nonprofit • Named one of world’s top 100 7 171 organizations nationwide sustainable Companies in 2017 8 Morgan Stanley 155 — Corporate Knights Global 100 Most Sustainable Corporations 11 RBC 136 • Global strength in wealth 13 HSBC 126 management and capital markets

• Acquired City National Bank Royal — consistently in 2015, to offer private and high credit ratings5 business banking solutions and meet a broader range of clients’ Moody’s Standard & Fitch financial needs in the U.S.2 Poor’s Aa26 AA-6 AA+6

A27 A7 AA7

Stable8 Stable8 Negative8

Investment and insurance products offered through RBC Wealth Management are not insured by the FDIC or any other federal government agency, are not deposits or other obligations of, or guaranteed by, a bank or any bank affiliate, and are subject to investment risks, including possible loss of the principal amount invested. Page 2 of 4 Strength you can trust, continued

About RBC Wealth Management What you can expect A wealth of client solutions As your financial advisor, we take Our professional financial advisors No matter what stage in life, you time to understand your goals and deliver the customized strategies and can depend on us to help you offer wealth solutions to help you attentive service you deserve. The navigate the complex choices and realize your life vision. We know experience is as much about helping challenges planning for the future what’s important—the success of you fulfill your sense of purpose brings. We offer wealth management your family, personal aspirations through your wealth as it is about solutions to help integrate all your and the legacy you want to leave to achieving your financial objectives interests—family, business, lifestyle the world. and philanthropy. By taking a holistic Key facts approach to all your financial goals, These are the reasons we manage • Recognized as a top 10 global we can implement an optimal your wealth in a way that reflects wealth manager by assets9 level of asset management and your unique values and aspirations. coordination, while being mindful Because we believe as you do, that • In the U.S., earned 100% rating of tax and estate implications. the greatest returns are realized on the Human Rights Campaign when you grow more than wealth. Corporate Equality Index (2018) Investment services Why investors choose • More than US$997 billion in assets • Advisory and discretionary RBC Wealth Management under administration and more investment management than US$749 billion in assets under services across the entire Clients who want to feel confident management worldwide10 investment spectrum about their wealth plan and goals select us because our character • Approximately 4,800 financial • Access to world-class managers counts. When you choose RBC Wealth advisors, private bankers and across all asset classes Management, you will work with a trust officers worldwide, with • Rigorous due diligence and company with deep resources, a approximately 1,900 financial risk analysis reputation for putting the interests advisors in the U.S. of clients ahead of our own and a • In-depth global research on • Offers thousands of investment passion for helping transform the equities, fixed income and products, including many local, lives of the people we serve. investment managers regional and international investment opportunities that may • Market commentary and research not be available from other firms by RBC Capital Markets and other leading providers RBC • Access to diversified investment alternatives, such as hedge funds, her s Inv Ot tner est managed futures, domestic and par me C nt RB s international funds, exchange- lationship y re ma ar na traded funds and structured m g ri e P r s s Cus product solutions n ed tom B r o e i n iz a e e t ur n h u y k t l o o y u i • Concentrated stock strategies n O o e r s g t s a t M u r l to mitigate risk, minimize taxes, a

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*We generally monitor your advisory account for you periodically (typically each quarter) as part of our advisory services in accordance with the terms of your advisory agreement with us. Our financial planning services are limited to preparation of a financial plan based on the information that you provide, and do not include ongoing monitoring. We do not provide ongoing monitoring of your brokerage account investments for you. Page 3 of 4 Strength you can trust, continued

Credit solutions • A focused expertise in alternative • Residential mortgages and home • Highly skilled credit specialists assets and commodities equity lines of credit located in key global financial Professional trustee services11 • Trust services centers creating customized credit solutions • More than 100 years’ experience as • Personal and business deposit independent, professional trustees accounts • Lines of credit secured by eligible 13 securities in an investment portfolio • Multi-jurisdictional planning and • Equipment financing cross-border tax awareness • Managing wealth through pairing • Treasury management of credit with investment strategies • Experienced charitable trustee services for individuals and Executive services and • Innovative utilization of credit organizations, including Donor employee solutions through trusts to access liquidity Advised Funds • Deferred compensation and insurance solutions Customized planning • RBC Trust Company (Delaware) • Wealth management and Limited and South Dakota Trust • Restricted securities transactions, insurance planning Company LLC offer personal trust liquidity, execution, reporting and services in two of the top trust processing; proactive block sales • College and education jurisdictions for clients funding planning • Liquidity strategies for large • Comerica Bank & Trust, NA offers blocks of concentrated holdings • Retirement and retirement personal and institutional trust • Net unrealized income planning services and TCA TrustCorp America appreciation strategies • Estate services and offers personal trust services multigenerational wealth planning along with flexible investment • Affiliate trading programs options; both offer estate or (10b5-1 plans) Cash management trust/estate settlement • Buy-sell agreements and key • Access to a set of person funding Insurance and annuity services customized integrated cash management solutions • Full range of insurance solutions, Corporate services including term, whole life, universal • Provides on demand, same- • Investment banking services life, single premium life and including equity and debt day liquidity through RBC Cash variable universal life, long-term Management Account underwriting, IPOs, private care, disability and survivorship life placements, private investment • Online bill pay and electronic • Access to a range of annuities in public equities, and lending funds transfer including variable, fixed, fixed • Employer-sponsored • Cash sweep choices, including index, single premium immediate, retirement plans FDIC-insured deposits and deferred income • Institutional consulting services • RBC Visa® Platinum Banking and lending offered • Employee ownership plan with enhanced fraud protection, through City National Bank2 Platinum benefits and ApplePay™ consulting and implementation, City National Bank was created including online administration Capital Markets to advance the financial success and execution for public and of entrepreneurs, professionals, private companies • Premier investment bank, 11th businesses and families. They are largest global investment bank by nationally recognized for their ability • Corporate share repurchases fees, according to Dealogic to create personalized banking • Hedging and monetization • More than 7,300 professionals relationships through extraordinary strategies, tax efficiency and and support staff operating out service and proactive advice. asset protection of 71 offices in 15 countries City National’s solutions include: • Directed share programs • Over 14,000 clients reside in more • Personal and business loans and than 100 countries worldwide lines of credit • A leader in debt and foreign • City National Visa® personal and exchange markets globally and commercial credit cards12 a key player in North American equity markets Page 4 of 4 Strength you can trust, continued

Worldwide capabilities It all starts with you If you have family members living in Through your dedicated financial For more information, visit more than one country, do business advisor, we deliver customized in more than one currency, or if advice, innovative strategies and www.rbcwealthmanagement.com international travel is a big part of customized solutions to help meet your life, you may recognize that your wealth management goals— wealth—and wealth management both for today and for years to come. issues—often transcend domestic boundaries. Beyond our Canadian base, we have offices in American cities from coast to coast as well as a broad global presence in key financial centers throughout North America, the United Kingdom, Europe and Asia.

1. As measured by market capitalization as of April 30, 2021. Source: Bloomberg. 2. City National Bank is an affiliate of RBC Wealth Management a division of RBC Capital Markets, LLC, Member NYSE/FINRA/SIPC, and an indirect wholly-owned subsidiary of the . City National Bank Member FDIC. Banking products and services offered by City National Bank are not SIPC insured and are subject to City National Bank’s terms and conditions. RBC Wealth Management and/or its employees may receive compensation from RBC Wealth Management for referring clients to City National Bank. Loans and lines of credit are subject to credit and property approval. Additional terms and conditions apply. Not all applicants will qualify. Home equity lines of credit are not available in Texas. City National Bank Member FDIC. NMLSR #536994/Equal Housing Lender 3. As of May 26, 2021. Capital calculated to include all regulatory adjustments that will be required by 2019 but retaining the phase-out rules of non-qualifying capital. 4. As of April 29, 2021. Source: Bloomberg. 5. 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. Credit ratings are not recommendations to purchase, sell or hold a financial position in as much as they do not comment on market price or suitability for a particular investor. Ratings are subject to revision or withdrawal at any time by a rating agency. 6. Ratings (as of May 26, 2021) for legacy senior long-term debt issued prior to September 23, 2018 and senior long-term debt issued on or after September 23, 2018, which is excluded from the Canadian Bank Recapitalization (Bail-in) regime. 7. Ratings (as of May 26, 2021) for senior long-term debt issued on or after September 23, 2018, which is subject to conversion under the Bail-in regime. 8. Ratings outlook. 9. Quarterly earnings release (10-Q) from peer firms. 10. As of April 30, 2021. 11. Professional Trustee services are offered to RBC Wealth Management clients by RBC Trust Company (Delaware) Limited (RBC Trust), Comerica Bank & Trust, N.A., TCA TrustCorp America and South Dakota Trust Company LLC which may serve as trustee. RBC Capital Markets, LLC, is a subsidiary of Royal Bank of Canada (RBC), and RBC Trust is a subsidiary of City National Bank. RBC Wealth Management and/or your financial advisor may receive compensation in connection with offering or referring these services. Neither RBC Wealth Management nor its financial advisors are able to serve as trustee. RBC Wealth Management does not provide tax or legal advice. All decisions regarding the tax or legal implications of your investments should be made in connection with your independent tax or legal advisor. 12. Visa is a registered trademark owned by Visa International Service Association and is used under license. 13. Equipment financing and leasing are offered by First American Equipment Finance, a subsidiary of City National Bank, and are subject to credit approval by, and documentation acceptable to, First American Equipment Finance. RBC Wealth Management employees may receive compensation from RBC Wealth Management for referring clients to First American Equipment Finance. Past performance is not necessarily a guide to future performance and any exposure to multiple currencies may cause additional fluctuation in the value of any investment. This information has been provided by affiliated corporate entities consisting of Royal Bank of Canada, City National Bank and RBC Capital Markets, LLC. City National Bank and RBC Capital Markets, LLC, are wholly owned subsidiaries of Royal Bank of Canada. Royal Bank of Canada is regulated by the Office of the Superintendent of Financial Institutions in Canada and the Office of the Comptroller of the Currency in the United States. Banking products and credit services provided by Royal Bank of Canada and City National Bank are subject to their terms and conditions, and are not insured by SIPC. All loans, lines of credits and other financing are subject to credit approval. RBC Capital Markets, LLC, may receive compensation in connection with these services. For further information about Royal Bank of Canada, including quarterly and annual results, please visit rbc.com/investorrelations. ® Registered trademark of Royal Bank of Canada.™ Trademark of Royal Bank of Canada. Used under license. VPS58765 © 2021 RBC Wealth Management, a division of RBC Capital Markets, LLC, registered investment adviser and Member NYSE/FINRA/SIPC. 21-01-01648_0190 (08/21)