TORONTO, Sept. 26 /CNW/ - Mackenzie Financial Corporation and BMO
Financial Group today announced the launch of MSP ArMADA Protected Deposit
Notes, Series 7 & 8 (High-Water Mark Class). The Notes offer investors 100%
principal protection at maturity, together with 100% protection of investment
gains up to a target date six months prior to maturity. The value of the Notes
will fluctuate in the last six months but will never be less than the
principal amount at maturity.
"We are pleased to offer this innovative new product with BMO," said Brad
Gerster, a Senior Vice-President of Mackenzie Financial Corporation and the
head of Mackenzie Structured Products (MSP). "To our knowledge, these notes
are the first investment products in Canada to deliver a daily lock-in of
investment gains on a tax deferred basis."
The Notes provide investors with return potential based on the
performance of Mackenzie Founders Fund, a diversified fund of funds that
invests in four of Mackenzie's most recognized funds: Mackenzie Growth Fund,
Mackenzie Cundill Value Fund, Mackenzie Maxxum Dividend Fund and Mackenzie Ivy
Foreign Equity Fund.
"Historically, this fund portfolio has delivered impressive returns with
low volatility," Mr. Gerster said. "That's why we chose to link these notes to
Mackenzie Founders Fund."
The Series 7 Notes will be available for purchase until November 2, 2007.
The Series 8 Notes will be available for purchase until December 14, 2007.
Investors should consult their financial advisors to discuss the features
of the Notes. Investors should review the Information Statement for the Notes
which is available from financial advisors or by visiting the Mackenzie
Structured Products web site at www.mackenziefinancial.com/msp.
About Mackenzie Financial Corporation
Mackenzie Financial Corporation is a part of IGM Financial Inc., which
trades on the Toronto Stock Exchange under the symbol "IGM", and a member of
the Power Financial Corporation group of companies. Mackenzie, founded in
1967, manages approximately $63.7 billion of assets for more than one million
About Bank of Montreal
BMO Financial Group is a highly diversified North American financial
services organization. With total assets of more than $359 billion as of July
31, 2007 and more than 35,000 employees, BMO provides a broad range of retail
banking, wealth management and investment banking products and solutions.
This release is for information purposes only and should not be construed
as an offering of the Notes.
For further information:
For further information: Mike Langdon, Environics Communications Inc.,
(416) 969-2820, email@example.com