In September, Mackenzie Investments announced the proposed merger of Mackenzie Cundill US Class into Mackenzie US Growth Class. Investors have now voted to approve this merger, which will take place on or about February 7, 2020:

Below are important details and dates to help you prepare for the fund merger:

Merger details will be communicated through the Transaction Reconciliation File (TS):

Other important merger information:

• Investors holding the terminating fund in non-registered accounts will realize a capital gain or loss as the merger is a taxable event. The amount of the gain or loss will vary depending on the adjusted cost base (ACB) for each investor.
• Dealer and advisor reports of the accounts affected by the merger are available upon request.
• The merger will be processed as exchange transactions from the terminating series to the continuing series.
• All systematic transactions (such as SWP, RIF/LIF/LRIF payments and PACs) on client held accounts will be rolled over to the continuing fund at the end of business on February 7 as part of the merger process.
• Any bank assignments will be replaced on the continuing funds and sent to their respective bank.
• Outstanding certificates for the terminating funds will be cancelled and held as non-certificated units.  Letters will be sent to affected investors and advisors.
• Investors in client held accounts will receive a confirmation of these transactions following the merger.

Further fund-related details for the merger can be found in the document below:

• Merger Matrix

Additional details can be obtained from the FD file available through Fundserv on February 6 with an effective date of February 10.

For further information please contact your Dealer Relations Account Manager directly. You can also call us at 1-800-268-7119 or send an email to drelations@mackenzieinvestments.com.

Thank you for your continued support of Mackenzie Investments.
The Dealer Relations Team