In June, we announced a proposal to terminate the Mackenzie Global Long/Short Equity Alpha Fund.

Below are important details and dates to help you prepare for the termination, which will take place on or around August 21, 2020, subject to investor approval:

If the proposed termination is approved, Mackenzie Investments will complete the following transactions on August 21 for investors who remain in the fund:

Non-registered accounts

• Units will be redeemed at current market price and proceeds will be sent as follows:
  • Nominee accounts: to the dealer
  • Client held accounts: to the client by EFT if we have banking information on file or otherwise by cheque
• This transaction will be a taxable event, which means clients will realize capital gains or losses as a result, at an amount determined by their adjusted cost base (ACB).

Registered accounts

• Units held in registered accounts will be automatically switched into the corresponding series of Mackenzie Canadian Money Market Fund.
• There are no tax implications for investors.

In early July, impacted advisors received a letter about the proposed termination, along with a list of their affected clients.

Further fund-related details for the termination can be found in the document below:

• Termination matrix

Additional details can be obtained from the FD file available through Fundserv on August 19 with an effective date of August 21.

If you have questions or require further information, please contact your Dealer Relations Account Manager directly. You can also call us at 1-800-268-7119 or send an email to drelations@mackenzieinvestments.com.

Thank you for your continued support of Mackenzie Investments.
The Dealer Relations Team