TORONTO, Oct. 26 /CNW/ - Mackenzie Financial Corporation ("Mackenzie Investments") announced the results of special meetings held today of investors of Mackenzie Sentinel Income Trust Fund and Mackenzie Focus Canada Class.
Mackenzie Sentinel Income Trust Fund investors approved a resolution to change the investment objectives of the Fund such that the fund will adopt a high income balanced mandate. The change to investment objectives will be effective at the close of business on October 30, 2009 and the Fund will be renamed Mackenzie Sentinel Registered Strategic Income Fund.
Mackenzie Focus Canada Class investors approved a resolution to change the investment objectives of the Fund such that the Fund will invest purely(1) in Canadian equities. The change to investment objectives will be effective at the close of business on October 30, 2009 and the Fund will be renamed Mackenzie Focus All-Canadian Class.
Other fund changes
Mackenzie Maxxum Global Explorer Class will be renamed Mackenzie Saxon Global Explorer Class, effective at the close of business on October 30, 2009. The name change is being made to reflect the expected transfer later this year of the Fund's lead portfolio manager, Alan Pasnik, from Mackenzie to Mackenzie affiliate Howson Tattersall Investment Counsel Limited ("HTIC"), portfolio manager of the Mackenzie Saxon Funds. Alan has been assisting the HTIC team with several mandates and will formally become a member of the Mackenzie Saxon team.
Mackenzie Investments was founded in 1967, and is a leading investment management firm providing investment advisory and related services. With $62.0 billion in assets under management as of September 30, 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 $118 billion in total assets under management as of September 30, 2009.
(1) The Fund's investment strategies will, in rare circumstances, allow
the Fund to hold foreign securities.
SOURCE Mackenzie Financial Corporation
For further information: For further information: Trish Tervit, Environics Communications Inc., (416) 969-2809, email@example.com