Mackenzie Financial Corp. today announced it will hold a special meeting on Mar. 17, 2006 to allow investors to vote on a proposed change in the investment objective of the Keystone AIM Trimark U.S. Companies Fund, one of the current Keystone Partner Funds.
At the meeting, unitholders will be asked to approve a change in the investment objective to a contrarian value approach based on a disciplined, low P/E approach to stock selection.
If approved, the fund is to be sub-advised by Dreman Value Management, L.L.C., an investment firm with more than $7.5 billion in assets under management.
The name of the fund will be changed to Keystone Dreman U.S. Value Fund to reflect this change in investment objective and strategy.
The change in the fund’s investment objective was proposed following an annual strategic review of all funds within the Keystone family. The change is part of a series of product and management initiatives undertaken by Mackenzie over the last several years.
The change will occur on or about Mar. 17, 2006 conditional on regulatory and investor approval. An information circular containing full details of the proposal will be mailed to investors of record on or about Feb. 20, 2006.
Mackenzie proposes changes to Keystone fund
- By: IE Staff
- December 20, 2005 December 20, 2005
- 09:15