Mackenzie Investments defers Cundill fund mergers
TORONTO – July 6, 2018 — Mackenzie Investments announced today that it will defer two fund mergers, originally scheduled to be implemented on or about July 6, 2018. These mergers were approved at a special meeting held on June 22, 2018.
The deferred mergers are:
|Terminating Fund||Continuing Fund|
|Mackenzie Cundill Recovery Class||Mackenzie Cundill Value Class|
|Mackenzie Cundill Recovery Fund||Mackenzie Cundill Value Fund|
It is expected that the mergers will take place within the next 120 days. The portfolio managers of Cundill Value Fund and Cundill Value Class, Jonathan Norwood and Richard Wong, have been named portfolio managers of Cundill Recovery Class and Cundill Recovery Fund until the mergers take effect.
About Mackenzie Investments
Mackenzie Investments was founded in 1967, and is a leading investment management firm providing investment advisory and related services. With $127.9 billion in assets under management as of May 31, 2018, Mackenzie Investments distributes its investment services through multiple distribution channels to both retail and institutional investors. Mackenzie Investments is a member of the IGM Financial Inc. (TSX: IGM) group of companies. IGM Financial is one of Canada's premier financial services companies with $157.7 billion in total assets under management as of May 31, 2018.