Mackenzie Investments has proposed the following fund changes, which are expected to take effect on or around June 4, 2021, subject to certain approvals. Investors of record as of March 22, 2021 will be asked to vote on the following proposals:
Proposed fund merger (unitholder and regulatory approval required)
Terminating fund |
Continuing fund |
Mackenzie Global Credit Opportunities Fund |
Mackenzie North American Corporate Bond Fund |
Please note this proposed merger will be a taxable event for investors who hold the fund in a non-registered account.
Proposed investment objective and fund name change (unitholder approval required)
We are proposing to change the investment objective of Mackenzie USD Global Tactical Bond Fund to align with Mackenzie’s flagship fund, Mackenzie Unconstrained Fixed Income Fund. This proposed change will provide investors with access to a USD version of the Mackenzie Unconstrained Fixed Income Fund.
If this change is approved by unitholders, the fund’s name will change to Mackenzie USD Unconstrained Fixed Income Fund and the management and/or administration fees on certain series will be lowered to align with the fees of Mackenzie Unconstrained Fixed Income Fund.
Key dates (subject to change and approval)
Here are key dates when advisors and their clients can expect more information.
- Advisor mailing with impacted client list – week of March 29
- Investor notice-and-access/proxy mailing - week of April 5
- Special meeting of investors – May 10
- Effective date of merger, investment objective change and name change – on or about June 4, if approved
You’ll receive more information about the changes, including the description of the transactions that will be sent, following the special meeting of investors.
For 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
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