May 20, 2021

Mackenzie Investments Announces Wind-Up of Corporate Class Mutual Funds

Toronto, May 20, 2021 – Mackenzie Investments (“Mackenzie”) today announced its intention to wind-up Mackenzie Financial Capital Corporation (“Capitalcorp”). This will impact its suite of 34 corporate class funds (“the Funds”), resulting in the merging of each Fund into its corresponding trust fund equivalent, on a tax-deferred basis.

Mackenzie believes this is in the best interest of investors since Capitalcorp is in a taxable position. Changes to tax legislation and evolving market trends have eliminated many of the benefits that were previously available to corporate class funds.

Each of the Funds listed below will be merged into its equivalent trust fund, which has, or will have, a substantially similar investment objective and is, or will be, managed by the same portfolio management team. The mergers will take place on or about Friday, July 30, 2021.

Existing investors of the Funds as of May 7, 2021, will be mailed an investor notice on or about Thursday, May 27 and no action is required by investors. All costs and expenses associated with the mergers will be borne by Mackenzie.

Merging Funds
Mackenzie Canadian Dividend Class	Mackenzie Ivy International Class
Mackenzie Canadian Equity Class	Mackenzie Maximum Diversification Canada Index Class
Mackenzie Canadian Growth Balanced Class	Mackenzie Precious Metals Class
Mackenzie Canadian Growth Class	Mackenzie Private Canadian Focused Equity Pool Class
Mackenzie Canadian Small Cap Class	Mackenzie Private Global Equity Pool Class
Mackenzie Cundill Canadian Security Class	Mackenzie Private Income Balanced Pool Class
Mackenzie Cundill Value Class	Mackenzie Private US Equity Pool Class
Mackenzie Emerging Markets Class*	Mackenzie Strategic Income Class*
Mackenzie Global Growth Class	Mackenzie US Growth Class
Mackenzie Global Resource Class	Mackenzie US Small-Mid Cap Growth Class
Mackenzie Global Small-Mid Cap Equity Class	Mackenzie US Small-Mid Cap Growth Currency Neutral Class
Mackenzie Gold Bullion Class	Symmetry Balanced Portfolio Class
Mackenzie Ivy Canadian Balanced Class	Symmetry Conservative Income Portfolio Class*
Mackenzie Ivy European Class	Symmetry Conservative Portfolio Class*
Mackenzie Ivy Foreign Equity Class*	Symmetry Equity Portfolio Class
Mackenzie Ivy Foreign Equity Currency Neutral Class	Symmetry Growth Portfolio Class
Mackenzie Ivy Global Balanced Class	Symmetry Moderate Growth Portfolio Class

* Hard capped funds that are closed to new purchases

In anticipation of these mergers, the Terminating Funds will be closed to new accounts, effective July 27, 2021 at 4 p.m. ET. For switches and direct buy orders, the Terminating Funds will be closed on Friday, July 30, 2021 at 4:00 p.m. ET.

Mackenzie is also announcing today its intention of merging Mackenzie Global Small-Mid Cap Equity Fund into Mackenzie Global Small-Mid Cap Fund, on a tax-deferred basis. No action is required by investors. Existing investors as of May 7, 2021, will be mailed an investor notice on or about Thursday, May 27. All costs and expenses associated with the mergers will be borne by Mackenzie. The merger will take place no later than September 30, 2021.

About Mackenzie Investments

Mackenzie Investments is a leading investment management firm with approximately $194.9 billion in assets under management as of April 30, 2021. Mackenzie provides investment solutions and related services to more than one million retail and institutional clients through multiple distribution channels. Founded in 1967, Mackenzie is a global asset manager with offices across Canada as well as in Boston, Dublin, London, Hong Kong and Beijing. Mackenzie is a member of IGM Financial Inc. (TSX: IGM), one of Canada's premier financial services companies. For more information, visit mackenzieinvestments.com.

For further information, please contact:

Becky Caissie

Mackenzie Investments

647-969-3431

becky.caissie@mackenzieinvestments.com