Mackenzie Investments announces management fee reductions for series in the Laurentian Bank Group of Funds

TORONTO, March 8, 2017 /CNW/ - Mackenzie Financial Corporation (Mackenzie Investments) announced today that effective April 3, 2017 Mackenzie Investments will be reducing the management fees and trailing commissions on Series LB, LM and LX certain funds.

This change is the result of aligning trailing commissions with the compensation generally paid in the industry for funds in the fixed income category and is in line with a recent announcement by Mackenzie Investments regarding the reduction of management fees and dealer compensation for certain Mackenzie funds.

 The following changes will be made for Series LB, LM and LX securities effective April 3rd:

Fund Name

Current Dealer
Compensation

New Dealer
Compensation

Current
Management
Fee

New
Management
Fee

Mackenzie Strategic Bond
Fund

1.15%

1.10%

0.55%

0.50%

Symmetry Fixed Income
Portfolio *

1.20%

1.00%

0.70%

0.50%


*Series LM is capped

 

About Mackenzie Investments

Mackenzie Investments was founded in 1967, and is a leading investment management firm providing investment advisory and related services. With $65.6 billion in assets under management as of February 28, 2017, Mackenzie Investments distributes its investment services through multiple distribution channels to both retail and institutional investors. 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 $145 billion in total assets under management as of February 28, 2017. For more information, visit mackenzieinvestments.com.

SOURCE Mackenzie Financial Corporation

For further information: Trish Tervit, Director, Communications and Media Relations, Mackenzie Investments, 416-967-2166, ttervit@mackenzieinvestments.com

RELATED LINKS
http://www.mackenziefinancial.com

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