About Mackenzie Income Trust
Maturity Date: December 31, 2002
De-listed from the TSX, units no longer available.
The Mackenzie Income Trust arose from a need to finance the commissions paid to Investment Dealers on redemption charge securities (RCS) purchased in 1997 and 1998. It was formed in 1998 to finance the selling commissions paid to dealers on these redemption charge securities mutual funds issued by Mackenzie Financial Corporation.

The first back-end mutual fund was created in 1987 by Mackenzie Financial - the Industrial Horizon Fund. This type of security is sold to investors without a sales charge at the time of purchase. The sales charge to investors is deferred until the time of redemption, subject to a declining redemption fee schedule. This fee is known as a Deferred Sales Charge or DSC Fee.

From 1987 to 1994, DSC commissions paid to Dealers for RCS securities were financed through various limited partnerships. As tax changes made by Canada Revenue Agency (CRA) made limited partnerships unviable, DSC commissions from 1995-1996 were funded either directly by Mackenzie Financial or partially by the Mackenzie Securitized Partnership.

Common Questions
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