Mackenzie Financial Corp. Friday announced its proposal to merge Mackenzie Universal World Science & Technology Class into Mackenzie Universal Technology Class.

The merger would consolidate two funds that have similar investment objectives and the same portfolio manager, Mackenzie says.

The merger is conditional upon approval by investors in Mackenzie Universal Technology Class.

A special meeting to consider and vote on the proposal will be held mid March 2010 at Mackenzie’s offices in Toronto. If approved, the merger is expected to be effective following the special meeting.

IE