Mackenzie Financial Corp. today announced plans to call special meetings of investors of various funds distributed exclusively through Quadrus Investment Services Ltd.
Investors of Quadrus Canadian Specialty Corporate Class will be asked to consider a change to the investment objectives that would broaden the fund’s Canadian scope and allow it to invest primarily in equity securities of companies located within North America. Upon approval the fund will be renamed Quadrus North American Equity Corporate Class.
Investors of LLIM US Growth Sectors Fund and LLIM US Equity Fund will be asked to consider a merger into LLIM Canadian Diversified Equity Fund, subject to regulatory approval. In conjunction with the merger, LLIM Canadian Diversified Equity Fund will amend its investment strategies to allow it to invest up to 49% of its assets in foreign securities.
Investors of GWLIM US Mid-Cap Fund will be asked to consider a merger into GWLIM Canadian Mid-Cap Fund, subject to regulatory approval. Investors in GWLIM Canadian Mid-Cap Fund will be asked to consider a change to the investment objectives of the fund that would allow the fund to invest primarily in publicly traded equity issues of small- to mid-capitalized Canadian and U.S. companies. Upon approval the continuing fund will be renamed GWLIM North American Mid-Cap Fund.
The special meetings for investors to consider the above changes are scheduled for June 13.
Investors of Quadrus AIM Canadian Equity Growth Fund will be asked to consider a change to the investment objectives to allow the fund to invest up to 49% of its assets in foreign securities. The meeting is scheduled for July 25.
In other changes, investors of Quadrus Trimark Balanced Fund will be asked to consider a change to the investment objectives of the fund to allow for a multi-manager investment strategy of between three and six portfolio management teams. GWL Investment Management Ltd. (GWLIM) will determine and assign the fund’s target allocations to various asset classes. Initially, GWLIM, London Capital Management Ltd., Laketon Investment Management Ltd. and Setanta Asset Management Ltd. will receive equal allocations. Upon approval, the fund will be renamed Quadrus Partners Fund. This meeting is also scheduled for June 13.
Investors of Quadrus Templeton Canadian Equity Fund will be asked to consider a merger with a newly created Canadian value-oriented mandate within Quadrus Corporate Class, subject to regulatory approval. The new fund will be launched with the renewal of the Quadrus Group of Funds simplified prospectus on June 26, and will be managed by Sionna Investment Managers. The meeting is scheduled for July 25.
Mackenzie announces changes to funds offered through Quadrus
Proposals include investment objective changes, mergers
- By: IE Staff
- March 14, 2007 March 14, 2007
- 14:10