Mackenzie announces fund mergers, terminations

Mackenzie Saxon U.S. Equity Fund will merge into Mackenzie Universal American Growth Class (Unhedged Class), Mackenzie Ivy American Class will merge into Mackenzie Universal U.S. Blue Chip Class and Mackenzie Universal Canadian Value Class will merge into Mackenzie Cundill Canadian Security Class.

These mergers have received approval from the Independent Review Committee (IRC) of the Mackenzie Funds and investors in the funds will be provided 60 days’ notice.

Additionally, Mackenzie proposes to merge Mackenzie Saxon Explorer Class into Mackenzie Universal North American Growth Class. This merger is conditional upon investor and regulatory approval. A special meeting of investors to vote on the proposed merger is scheduled for June 12, at in Toronto.

Terminations

Mackenzie will terminate Mackenzie Universal Africa & Middle East Class, Mackenzie Universal Sustainable Opportunities Class and Mackenzie Sentinel U.S. Managed Yield Class. Investors in these funds will be provided 60 days’ notice. Each fund’s shares will be redeemed and its investors will receive units of Mackenzie Sentinel Money Market Fund as proceeds of redemption.

Effective immediately Mackenzie Universal Africa & Middle East Class, Mackenzie Universal Sustainable Opportunities Class and Mackenzie Sentinel U.S. Managed Yield Class are closed to new purchases.