TORONTO, April 21 /CNW/ - Mackenzie Financial Corporation (Mackenzie
Investments) is pleased to announce details of the conversion of The
Canadian Shield Fund (TSX:MSP.UN) from a closed-end investment fund to
an open-end mutual fund.
On or about July 8, 2011 (the Conversion Date), subject to obtaining
the name of the fund will change to Mackenzie Universal Canadian Shield
the units of the fund will be delisted from the Toronto Stock Exchange;
the units will become redeemable on a daily basis at their net asset
value per unit;
holders of the units will be able to switch their units into units of
other mutual funds offered by Mackenzie Investments; and
the units will be re-designated as Series B Units, and will not be
available for purchase following the Conversion date.
The fund intends to offer a new series of units, designated as Series A
Units, for sale. A preliminary simplified prospectus relating to the
Series A units has been filed with certain Canadian securities
commissions or similar authorities. Prospective investors cannot buy
Series A Units of the fund until the relevant securities commissions or
similar authorities issue receipts for the simplified prospectus of the
Prior to the Conversion Date, units may be surrendered for redemption
during a specified interval. Pursuant to an amendment to the fund's
declaration of trust, this interval, which commences on May 15, 2011,
will now end on May 27, 2011. Units surrendered for redemption during
this interval will be redeemed on May 31, 2011.
Mackenzie Investments: Mackenzie Investments was founded in 1967 and is a leading investment
management firm providing investment advisory and related services.
With $70.7 billion in assets under management as of March 31, 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 $134 billion in total assets under management as of March 31,
To learn more, please contact your financial advisor or visit www.mackenziefinancial.com/msp.
SOURCE Mackenzie Financial Corporation
For further information:
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