| Dealer Relations | May 3 , 2018 |
Pricing and Product enhancements
Last month we announced that effective June 1, we will implement series re-designations and fee reductions to our fee-based and Private Wealth series.
Our pricing enhancements in Series F and Private Wealth series will allow investors to benefit from lower fees and no investor will experience a fee increase. Additionally, Private Wealth series will now become accessible to more investors, with a lower minimum eligibility requirement of $100,000 (from $250,000) per household1.
Please visit the Mackenzie Investments website for further information and the updated fee schedules.
As a result of the new flat fee pricing structure, series PWF and series E of all applicable funds1 and series C of Cundill Value Class will merge into series F. Please note that these re-designations will be treated as a merger.
The following are important details and dates to help you prepare for the merger:
| Event | Date |
Last day for buy and sell wire orders |
Tuesday, May 29, 4:00 PM (EST) |
Last day for ALL direct trades and switch/transfer wire orders |
Friday, June 1, 4:00 PM (EST) |
Series merger |
Friday, June 1 , 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 (Systematic Withdrawal Plans, RIF, LIF, LRIF payments and PACs) will be rolled over to the continuing fund on June 1 as part of the merger.
- Any bank assignments will be replaced on the continuing series 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.
Please refer to the attached document for further details on the series merger.
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