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Toronto, March 23, 2021 – Mackenzie Financial Corporation (“Mackenzie Investments” or “Mackenzie”) and Canada Life Investment Management Ltd. (“CLIML”) announced that investors approved the proposed fund reorganizations outlined below (each, a “Reorganization”) at special meetings held earlier today.
The Reorganizations will result in investors who hold Canada Life series units of the applicable Mackenzie mutual funds (the “Funds”) to be transitioned to corresponding and substantially similar mutual funds managed by CLIML.
These Reorganizations follow a larger set of transactions which occurred on December 31, 2020 whereby Mackenzie transitioned its responsibilities as manager and trustee of the Canada Life Mutual Funds (formerly the Quadrus Group of Funds) and the Canada Life Pathways Funds to CLIML. As a result of the Funds being offered under multiple prospectuses, the Reorganizations were scheduled at a later date.