Investors of Mackenzie Sentinel Income Trust Fund and Mackenzie Focus Canada Class approved proposed changes to the funds at special meetings held Monday, Mackenzie Financial Corp. reports.

Mackenzie Sentinel Income Trust Fund investors approved a resolution to change the investment objectives of the fund such that the fund will adopt a high income balanced mandate. The change will be effective at the close of business on October 30, and the fund will be renamed Mackenzie Sentinel Registered Strategic Income Fund.

Mackenzie Focus Canada Class investors approved a resolution to change the investment objectives of the fund such that the fund will invest purely in Canadian equities. The change will be effective at the close of business on October 30, and the fund will be renamed Mackenzie Focus All-Canadian Class.

Mackenzie Maxxum Global Explorer Class to be renamed

Mackenzie also announced changes to Mackenzie Maxxum Global Explorer Class. The fund will be renamed Mackenzie Saxon Global Explorer Class, effective at the close of business on October 30.

Mackenzie said the name change is being made to reflect the expected transfer later this year of the fund’s lead portfolio manager, Alan Pasnik, from Mackenzie to Mackenzie affiliate Howson Tattersall Investment Counsel Ltd., portfolio manager of the Mackenzie Saxon Funds.

Pasnik has been assisting the Howson Tattersall team with several mandates and will formally become a member of the Mackenzie Saxon team.

IE