Earlier this month, you received a communication to let you know the following four funds would be capped to new investments:
On September 4, 2019, Mackenzie soft capped the funds to new purchases and switches in for non-existing unit holders. At 4:00 ET on September 24, 2019, Mackenzie will be hard capping these funds to new purchases and switches in for everybody, including those with systematic purchase plans.
Letters were sent to advisors to obtain new investment instructions for any Mackenzie-administered systematic plans or standing instructions on the impacted funds. We also recommended 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 file. Originally the Fundserv file was scheduled to be available on September 24 with an effective date of September 26; however, the file will actually be available on September 23 with an effective date of September 25.
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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