Mackenzie Investments proposes change to Quadrus Investment Services fund

TORONTO, April 23, 2015 /CNW/ - Mackenzie Financial Corporation (Mackenzie Investments) today announced a proposed narrowing of the investment objective for the North American Mid Cap Fund (GWLIM), subject to investor approval. The proposal would allow the fund to transition from a North American equity fund to a Canadian equity fund. U.S. stocks will no longer be a large part of this fund's investment strategy.  If the proposal is approved, the fund would be renamed Mid Cap Canada Fund (GWLIM).

Proposed asset allocation guidelines for the fund include:

  • Canadian stocks, from 70% to 100%
  • Foreign stocks, from 0% to 30%
  • Short-term fixed income securities, from 0% to 30%

The proposed changes are subject to approval by the Fund's investors at a special meeting called for that purpose. The special meeting is scheduled for June 19, 2015 at the Mackenzie Investments office in Toronto. Full details of the proposed changes will be outlined in a Management Information Circular that will be sent to investors who hold fund securities as of May 7, 2015.  If approved at the special meeting, the proposed changes are expected to be effective on or about June 26, 2015.

About Mackenzie Investments
Mackenzie Investments was founded in 1967, and is a leading investment management firm providing investment advisory and related services. With $74.6 billion in assets under management as at March 31, 2015, 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 over $148 billion in total assets under management as at March 31, 2015. For more information, visit mackenzieinvestments.com.

Quadrus Investment Services Ltd. ("Quadrus") is one of the largest mutual fund dealers in Canada. Quadrus is a member of the Great-West Lifeco Inc. group of companies, which includes The Great West Life Assurance Company, London Life Insurance Company and the Canada Life Assurance Company. Quadrus Group of Funds is distributed exclusively through the Quadrus Investment Services Ltd.

SOURCE Mackenzie Investments

For further information: Marlene Klassen, APR, Assistant Vice President, Communication Services, Quadrus Investment Services Ltd., 204-946-7705, marlene.klassen@gwl.ca

RELATED LINKS
http://www.mackenziefinancial.com

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890