Press release from CNW Group
Mackenzie Investments provides reminder of key dates
Wednesday, June 26, 2013
Mackenzie Investments provides reminder of key dates08:00 EDT Wednesday, June 26, 2013
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Mackenzie Cundill US Class as the proposal to merge the fund into Mackenzie Universal U.S. Blue Chip Class has been withdrawn.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 mackenzieinvestments.com.
SOURCE: Mackenzie Investments
For further information:
Director, Communications and Media Relations