TORONTO, June 26, 2013 /CNW/ - Mackenzie Financial Corporation (Mackenzie
Investments) announced today a reminder of key dates pertaining to the
simplification and strengthening of its product lineup to meet evolving
investor needs, as announced on April 23, 2013.
Please note on or about June 26 the Management Information Circular and Proxy
for proposed mergers will be mailed to investors of record. Special meetings
of investors to consider and vote on the proposed mergers are scheduled for
July 31 at the Mackenzie Investments office in Toronto.
If approved, the applicable terminating funds will no longer be available for
new purchases, effective July 31 and the effective date of these mergers is
expected to be on or about August 2. On July 15, to provide better
consistency, transparency and clarity of each fund's investment objectives,
Mackenzie Investments is making changes to many fund names. In addition to the
name change list provided on April 23, note that Mackenzie Cundill American
Class will be renamed Mackenzie Cundill US Class as the proposal to merge the
fund into Mackenzie Universal U.S. Blue Chip Class has been withdrawn. All
other merger proposals will proceed so investors should be aware of the
aforementioned mailing and the voting procedures. For funds whose investment
objectives are proposed to change, subject to investor approval, the name
changes will take place on July 26.
For fund mergers mentioned on April 23 that were reviewed and approved by the
Independent Review Committee of the Mackenzie Funds, investors in the funds
are being given 60 days' written notice before the changes take effect on or
about August 16. The merger of Mackenzie Sentinel Canadian Money Market Fund,
which is not available for purchase by retail investors, into Mackenzie
Sentinel Money Market Fund will not proceed but all others will and the
appropriate notice is being provided.
Investor meetings to vote on proposed investment objective changes of certain
funds, as outlined on April 23, will be held on July 24 at the Mackenzie
Investments office in Toronto. Full details about the proposed investment
objective enhancements will be outlined in a Management Information Circular
and Proxy to be mailed on or about June 26 to investors of record. The
effective date for the investment objective changes, if approved, is expected
to be on or about July 26.
Mackenzie Investments was founded in 1967, and is a leading investment
management firm providing investment advisory and related services. With $65
billion in assets under management as at May 31, 2013, 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 $127.1 billion in total
assets under management as at May 31, 2013. For more information, visit
Stephen Lee Director, Communications and Media Relations Mackenzie Investments
SOURCE: Mackenzie Investments
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-0- Jun/26/2013 12:00 GMT
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