Mackenzie Financial Corp. (Mackenzie Investments) announced on Monday that investors have approved several fund changes proposed earlier this summer.
At special meetings hosted on Monday, investors in Mackenzie Universal U.S. Dividend Income Fund approved a resolution to merge the fund into Mackenzie Universal U.S. Blue Chip Class. In addition, investors in Mackenzie Universal U.S. Growth Leaders Class approved a resolution to merge the fund into Mackenzie Universal U.S. Blue Chip Class.
Both funds are expected to merge into Mackenzie Universal U.S. Blue Chip Class on Sept. 14.
Investors in Mackenzie Ivy Foreign Equity Class approved a resolution to reorganize the fund by splitting it into two funds, so that the Unhedged Class will continue as Mackenzie Ivy Foreign Equity Class while the Hedged Class will continue as Mackenzie Ivy Foreign Equity Currency Neutral Class.
Investors in Mackenzie Universal American Growth Class approved a resolution to reorganize the fund by splitting it into two funds, so that the Unhedged Class will continue as Mackenzie Universal American Growth Class while the Hedged Class will continue as Mackenzie Universal American Growth Currency Neutral Class.
For the two reorganizing funds, the changes are expected to take effect in October.