TORONTO, Jan. 14 /CNW/ - Mackenzie Financial Corporation (Mackenzie
Investments) announced the launch of Series T shares, which provide investors
with regular, tax-efficient cash flow, on a wide variety of its Capital Class
Series T shares provide regular monthly payments in the form of return of
capital, which is tax-deferred. The Capital Class structure enables investors
to switch between Capital Class funds, and between different series, without
triggering capital gains.
"The combination of these features on one investment platform provides
investors with tremendous flexibility," says David Feather, President of
Mackenzie Financial Services Inc. "Capital Class investors have always enjoyed
the ability to rebalance their portfolios on a tax-deferred basis. Now, with
Series T, the transition from investing for growth to investing for income is
tax-deferred as well."
Series T shares give investors the flexibility to tailor their income to
their personal circumstances. Investors can choose between a 6% annualized
distribution (Series T6) and an 8% annualized distribution (Series T8), and
can create any level of income up to 8% by combining an investment in Series T
shares with an investment in other series of Capital Class funds.
Mackenzie Investments: Mackenzie Investments was founded in 1967, and is
a leading investment management firm providing investment advisory and related
services. With $63.3 billion in assets under management, 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 $123 billion in total assets under
Commissions, trailing commissions, management fees and expenses all may
be associated with mutual fund investments. Please read the prospectus before
investing. Mutual funds are not guaranteed, their values change frequently and
past performance may not be repeated.
For further information:
For further information: Catharine Marion or Mike Langdon, Environics
Communications, (416) 969-2809, (416) 969-2820, email@example.com,