Mackenzie Financial Corp. and M.R.S. Inc. today announced they will hold special meetings on December 10 for unitholder to on two proposed Keystone fund mergers.
Mackenzie proposes the following mergers:
- Keystone AGF American Fund to merge with Mackenzie Universal U.S. Growth Leaders Capital Class; and
- Keystone AGF Bond Fund to merge with Keystone Beutel Goodman Bond Fund.
Mackenzie says the merger proposals follow from a strategic review of the Keystone funds used in both the Keystone asset allocation service and the new Keystone Portfolio Funds. It is expected that the merged funds will better complement existing investment styles within the portfolios.
Conditional to regulatory and investor approvals, the changes will occur on December 10.
Full details of the issues to be addressed at the meetings will be outlined in investment circulars to be mailed to investors on or about November 19, 2004. Investors and prospective investors may obtain this information from Mackenzie prior to the meetings.