TORONTO, Sept. 23 /CNW/ - Mackenzie Financial Corporation ("Mackenzie Investments") announced the results of a special meeting held today of investors of the Mackenzie Saxon Global Small Cap Fund.
Investors of selected retail series(1) of Mackenzie Saxon Global Small Cap Fund approved a resolution to change the method of charging operating expenses such that the fund will adopt the fixed rate administration fee structure utilized by the Mackenzie family of mutual funds.
The Saxon Funds (now known as Mackenzie Saxon Funds) were acquired in September 2008.
Mackenzie Investments: Mackenzie Investments was founded in 1967, and is a leading investment management firm providing investment advisory and related services. With $60.2 billion in assets under management as of August 31, 2009, 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 $114 billion in total assets under management as of August 31, 2009.
(1) Includes Advisor Series, Investor Series and F-Series securities of
Mackenzie Saxon Global Small Cap Fund. As part of the change in
operating expense proposal, investors also approved the re-
designation of the Advisor Series and F-Series of the funds to Series
A and Series F respectively.
SOURCE Mackenzie Financial Corporation
For further information: For further information: Trish Tervit, Environics Communications Inc., (416) 969-2809, firstname.lastname@example.org