| Dealer Relations | June 12, 2018 |
Mackenzie to streamline mutual fund lineup
On April 23 we announced the proposed fund mergers for our product shelf.
The following 13 Mackenzie fund mergers will be effective on or about July 6, 2018:
Terminating Fund |
Continuing Fund |
Mackenzie Canadian All Cap Balanced Fund |
Mackenzie Canadian Growth Balanced Fund |
Mackenzie Canadian Large Cap Growth Fund |
Mackenzie Canadian Growth Fund |
Mackenzie Private Canadian Money Market Pool |
Mackenzie Canadian Money Market Fund |
Pending Investor Approval |
|
Mackenzie Canadian All Cap Balanced Class |
Mackenzie Canadian Growth Balanced Class* |
Mackenzie Canadian All Cap Dividend Growth Fund |
Mackenzie Canadian Growth Fund |
Mackenzie Canadian Money Market Class |
Mackenzie Canadian Money Market Fund |
Mackenzie Cundill Recovery Class |
Mackenzie Cundill Value Class* |
Mackenzie Cundill Recovery Fund |
Mackenzie Cundill Value Fund |
Mackenzie Emerging Markets Opportunities Class |
Mackenzie Emerging Markets Class* |
Mackenzie Global Low Volatility Fund |
Mackenzie High Diversification Global Equity Fund |
Mackenzie Ivy International Equity Fund |
Mackenzie Ivy International Fund |
Mackenzie US Large Cap Class |
Mackenzie US Growth Class* |
Mackenzie US Low Volatility Fund |
Mackenzie High Diversification US Equity Fund |
*Investor approval is required for both the terminating and continuing funds.
The following are important details and dates to help you prepare for the fund mergers:
| Event | Date |
Last day for buy and sell wire orders |
Tuesday, July 3, 4:00 PM (EST) |
Distribution allocations (if required) |
Thursday, July 5, 2018 |
Last day for ALL direct trades and switch/transfer wire orders |
Friday, July 6, 4:00 PM (EST) |
Fund merger |
Friday, July 6, 2018 |
Merger details will be communicated through the Transaction Reconciliation File (TS):
| Field Description | Value |
Product Event Indicator |
“M” – merger |
Other important merger information:
- Dealer and advisor reports outlining the accounts that will be 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 (SWP, RIF, LIF, LRIF payments and PACs) will be rolled over to the continuing fund at the end of business day on July 6 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. A letter will be sent to the investors and advisors affected.
- We will be sending investors a personalized confirmation of these transactions, along with a letter explaining the impact to their accounts.
Further fund related details for the merger can be found in the below document:
Additional details can be obtained from the FD file available through Fundserv on July 5 with an effective date of July 9.
For further information please contact your Dealer Relations Account Manager directly. Alternatively, 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