We would like to remind you that Mackenzie Growth Fund will merge into Mackenzie Canadian Growth Fund on or around October 16, 2020.
Below are important details and dates to help you prepare for the fund merger:
Event |
Date |
Last day for buy and sell wire orders |
Tuesday, October 13, 4:00 PM (EST) |
Distribution allocations* (as required) |
Thursday, October 15 |
Last day for ALL direct trades and switch/transfer wire orders |
Friday, October 16, 4:00 PM (EST) |
Fund merger |
Friday, October 16 |
Merger details will be communicated through the Transaction Reconciliation File (TS):
Field Description |
Value |
Product Event Indicator |
"M" – merger |
Other important merger information:
- The merger has been structured as tax-deferred, which means that no capital gains will be realized by investors.
- Dealer and advisor reports of the accounts affected by the merger are available upon request.
- The merger will be processed as exchange transactions from the terminating series to the continuing series.
- All systematic transactions (such as SWP, RIF/LIF/LRIF payments and PACs) on client held accounts will be rolled over to the continuing fund at the end of business on October 16 as part of the merger process.
- Any bank assignments will be replaced on the continuing fund and sent to their respective bank.
- Outstanding certificates for the terminating fund will be cancelled and held as non-certificated units. Letters will be sent to affected investors and advisors.
- Investors in client held accounts will receive a confirmation of these transactions following the merger.
Further fund-related details for the merger can be found in the document below:
Additional details can be obtained from the FD file available through Fundserv on October 15 with an effective date of October 19.
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 |