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Mackenzie will be capping all series of the following four funds to new investments:
Mackenzie is always mindful of the tax efficiency within its corporate class structure and we believe this change is in the best interest of existing investors.
The cappings will be done in a phased approach to minimize the impact to investors and to give advisors ample time to provide alternate investment instructions.
Effective September 4, 2019, Mackenzie will be soft capping the funds to new purchases and switches in for non-existing unit holders. Then on September 25, 2019, Mackenzie will be hard capping these funds to new purchases and switches in for everybody, including those with systematic purchase plans.
If investors have Mackenzie-administered systematic plans or standing instructions on an impacted fund, we will be contacting their advisors to obtain alternate investment instructions. We also recommend that advisors review their clients’ accounts for any dealer-administered systematic plans and update them accordingly.
Details of the capping are available here. Additional information can be obtained from the FD files, available for the soft capping on September 3 with an effective date of September 4, and for the hard capping on September 24 with an effective date of September 26.
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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