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26.04.2019 22:00:00
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Mackenzie Investments announces proposed fund mergers and investment objective change to streamline and strengthen product shelf
TORONTO, April 26, 2019 /CNW/ - Mackenzie Investments is streamlining its product shelf with the announcement of three mergers. The proposed mergers, to be implemented on or about August 16, 2019, are:
Existing Fund (terminating) | To be merged into (continuing Fund) |
Mackenzie Canadian Balanced Fund1 | Mackenzie Strategic Income Fund |
Mackenzie US Strategic Income Fund1 | Mackenzie Global Strategic Income Fund |
Mackenzie US Dividend Registered Fund | Mackenzie US Dividend Fund |
Additional proposed change
Investors of Mackenzie Canadian Resource Fund1 are being asked to approve a change to the Fund's investment objectives that will enable the Fund to invest in shares of resource companies operating anywhere in the world.2
1 These changes are subject to approval by the investors of these funds. Investors of record as of May 24, 2019 will receive a notice of meeting prior to a special meeting of investors held on or about July 24, 2019. If approved, the changes will take effect on or about August 16, 2019. | |
2 If this change is approved and implemented, the Fund's name will become Mackenzie Global Resource Fund. |
About Mackenzie Investments
Mackenzie Investments was founded in 1967, and is a leading investment management firm providing investment advisory and related services. With $140.1 billion in assets under management as of March 31, 2019, Mackenzie Investments distributes its investment services through multiple distribution channels to both retail and institutional investors. Mackenzie Investments is a member of the IGM Financial Inc. (TSX: IGM) group of companies. IGM Financial is one of Canada's premier financial services companies with $160.7 billion in total assets under management as of March 31, 2019. For more information, visit mackenzieinvestments.com.
SOURCE Mackenzie Financial Corporation
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