RBC Investor & Treasury Services Appointed Custodian By Bridging Finance Inc.

RBC Investor & Treasury Services (RBC I&TS), part of Royal Bank of Canada (RY on TSX and NYSE), today announced it has been appointed custodian by Bridging Finance Inc. (“Bridging Finance”) for the assets of the Bridging Income Fund LP and the Bridging Income RSP Fund (collectively, the “Funds”). RBC I&TS will also provide fund accounting and shareholder services support.

Bridging Finance is one of Canada’s leading alternative credit investment management firms and provides middle-market North American companies with alternatives to the financing options offered by traditional lenders. 

“The Bridging Income Fund LP recently celebrated its fifth anniversary and we wanted to ensure it and the Bridging Income RSP Fund continued to be well managed. We have worked with RBC I&TS for almost three years and know they possess the products, solutions and client service to help us with our needs and we look forward to our direct relationship with them as sole manager of the Funds,” said David Sharpe, Chief Executive Officer, Bridging Finance.

“This new mandate illustrates our reputation for delivering market-leading custody, fund administration and shareholder services,” said David Linds, Managing Director, Head, Asset Servicing Canada, RBC Investor & Treasury Services, RBC. “Our new relationship with Bridging Finance strongly reflects our focus on partnering with asset managers to find innovative opportunities to support our clients’ growth ambitions.”