TORONTO, March 10 /CNW/ - Mackenzie Financial Corporation ("Mackenzie Investments") is pleased to announce that it has completed the distribution of Series A shares of Mackenzie Universal World Resource Class (the "Fund") that resulted from the dissolution of MSP 2008 Resource Limited Partnership (the "Partnership"). The Partnership acquired the Fund shares on March 4, 2010 in exchange for the transfer of its assets to Mackenzie Financial Capital Corporation ("Capitalcorp"). These events occurred on a tax-deferred basis.
Each investor in the Partnership received 0.7093 Fund shares for each Partnership unit held. This ratio was determined using the net asset value of the Partnership on March 4, 2010, which was $20.9389 per unit.
The Fund is a mutual fund that is a class of redeemable shares of Capitalcorp, a multi-class mutual fund corporation. The Fund pursues long-term capital growth primarily from investment in shares of companies operating anywhere in the world in the energy and natural resources industries. The Fund is one of 57 separate classes of mutual fund shares currently offered by Capitalcorp, which include a broad range of investment mandates and portfolio managers. Shareholders of Capitalcorp are permitted to switch between most Capitalcorp mutual funds, and all switches occur on a tax-deferred basis.
Mackenzie Investments was founded in 1967 and is a leading investment management firm providing investment advisory and related services. With $63.3 billion in assets under management as of February 28, 2010, 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 $120 billion in total assets under management as of February 28, 2010.
To learn more, please contact your financial advisor or visit the MSP website at www.mackenziefinancial.com/msp.
SOURCE Mackenzie Financial Corporation
For further information: For further information: Jessica Davidson, Environics Communications Inc., (416) 969-2735, email@example.com