TORONTO, April 1 /CNW/ - Mackenzie Financial Corporation (Mackenzie
Investments) is pleased to announce the issuance of additional units of
The Canadian Shield Fund (TSX:MSP.UN) pursuant to the exercise of
warrants issued as part of the Fund's initial public offering. The Fund
issued 5,919,469 units for gross proceeds of $62,154,424.50.
The investment objectives of the Fund are to generate risk-adjusted
absolute returns in Canadian dollars and to preserve the Fund's capital
in all market environments. The Fund seeks to achieve these objectives
by investing its capital, including the net proceeds of the exercise of
warrants, in an actively-managed portfolio consisting mainly of
The Fund has been designed to take advantage of the expertise of Parador
Asset Management, LLC, which provides investment advisory and portfolio
management services to the Fund. Parador's Chief Investment Officer is
Mackenzie Investments was founded in 1967 and is a leading investment
management firm providing investment advisory and related services.
With $70.3 billion in assets under management as of February 28, 2011,
Mackenzie Investments distributes its services through a diversified
network of third-party financial advisors. Mackenzie Investments is a
member of the IGM Financial Inc. (TSX: IGM) group of companies. IGM
Financial is one of Canada's premier financial services companies with
over $133 billion in total assets under management as of February 28,
To learn more, please contact your financial advisor or visit www.mackenziefinancial.com/msp.
SOURCE MACKENZIE FINANCIAL CORPORATION
For further information:
Environics Communications Inc.