TORONTO, Feb. 10 /CNW/ - Mackenzie Financial Corporation (Mackenzie
Investments) today announced that Howson Tattersall Investment Counsel Limited
will become the new sub-advisor of the Mackenzie Balanced Fund, effective
February 11, 2009.
In managing the Mackenzie Balanced Fund, the Howson Tattersall investment
team will employ similar investment strategies as they employ as manager of
Saxon Balanced Fund.
Mackenzie Balanced Fund to merge with Saxon Balanced Fund
Mackenzie Investments proposes to proceed with a merger of Mackenzie
Balanced Fund into Saxon Balanced Fund. It is expected that the merger will be
completed during the second quarter of 2009. Full details of the proposed
merger will be outlined in a notice to be sent to existing investors of record
at least 60 days prior to the expected merger date.
Mackenzie Investments acquired Saxon Financial Inc. and its related
subsidiaries, including Howson Tattersall, on September 25, 2008. Mackenzie
Investments now offers a complete line of Saxon branded mutual fund series
managed by the investment team at Howson Tattersall for investors working with
an advisor. Saxon's existing clients will continue to be served through their
Mackenzie Investments: Mackenzie Investments was founded in 1967, and is
a leading investment management firm providing investment advisory and related
services. With $52.5 billion in assets under management as of January 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 $97 billion in
total assets under management as of January 31, 2009.
For further information:
For further information: Catharine Marion, Environics Communications
Inc., (416) 969-2809, firstname.lastname@example.org