TORONTO, Sept. 22 /CNW/ - Mackenzie Financial Corporation (Mackenzie
Investments) announced today the results of special meetings of investors held
on September 19, 2008 to consider and vote on proposed resolutions.
Investors in Mackenzie Focus America Class approved a resolution to merge
the fund into Mackenzie Universal U.S. Blue Chip Class. The merger is expected
to be effective on September 26, 2008.
Investors in Symmetry Managed Return Class approved a change in the
investment objectives of the fund such that the fund's returns will be based
upon the returns of Symmetry Registered Fixed Income Pool, rather than the
returns of Mackenzie Fixed Income Fund, as is currently the case. The change
is expected to be effective in October 2008. Subsequently, Mackenzie expects
to terminate Mackenzie Fixed Income Fund to eliminate a duplication of fixed
Investors in Symmetry Equity Class approved a change in the investment
objectives of the fund. However, Mackenzie now believes that the benefits
associated with the proposal can be provided to Symmetry Equity Class
investors without making the change described in the information circular.
Accordingly, Mackenzie will not proceed with the proposed change in the
investment objectives of Symmetry Equity Class. Mackenzie will absorb all of
the fund's costs associated with the mailing and the special meeting.
Investors in Mackenzie Sentinel Canadian Managed Yield Class approved a
change in the investment objectives of the fund. The change is expected to be
effective by no later than December 31, 2008.
Investors in Mackenzie Sentinel U.S. Managed Yield Class did not approve
a proposed change in the investment objectives of the fund.
Mackenzie Investments: Mackenzie Investments was founded in 1967, and is
a leading investment management firm providing investment advisory and related
services. With $59.8 billion in assets under management as of August 31, 2008,
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 $118 billion in total
assets under management as of August 31, 2008.
For further information:
For further information: Catharine Marion, Environics Communications
Inc., (416) 969-2809, firstname.lastname@example.org