Security holders approved a resolution to merge several funds, Mackenzie Investments said Monday.

Security holders of Mackenzie Universal Canadian Value Fund, Mackenzie Universal Canadian Value Class, Keystone Saxon Smaller Companies Fund, Keystone Bissett Canadian Equity Fund and Mackenzie Universal Global Property Income Fund approved a resolution Monday to merge the funds into other Mackenzie fund.

Mackenzie Universal Canadian Value Fund will merge into Mackenzie Universal Canadian Value Class. In addition, Mackenzie Universal Canadian Value Class securityholders approved an amendment to the investment objectives of the fund.

Keystone Saxon Smaller Companies Fund will merge into Mackenzie Saxon Small Cap Fund.

Keystone Bissett Canadian Equity Fund will merge into Mackenzie Saxon Stock Fund.

Mackenzie Universal Global Property Income Fund will merge into Mackenzie Universal World Real Estate Class.

All the above mergers and changes are expected to be effective on June 5, including the previously announced merger of Mackenzie Balanced Fund into Mackenzie Saxon Balanced Fund.

New name and mandate for Mackenzie Universal Emerging Technologies Class

Mackenzie Universal Emerging Technologies Class security holders approved a change to the fund’s investment objectives such that its mandate will be broadened to include a wider range of science and technology related sub-sectors. Concurrent with the mandate change, the fund will be renamed Mackenzie Universal Technology Class. The changes are alos expected to be effective on June 5.

IE