TORONTO, Oct. 2 /CNW/ - Mackenzie Financial Corporation ("Mackenzie Investments") is pleased to announce that The Canadian Shield Fund (the "Fund") has filed a preliminary prospectus for an initial public offering of combined units. Each combined unit consists of one redeemable unit and one-half of one warrant to purchase one unit.
The investment objectives of the Fund are to generate superior risk-adjusted absolute returns in Canadian dollars and to preserve the Fund's capital in all market environments. The Fund intends to achieve these objectives by investing the net proceeds of the offering in an actively-managed portfolio consisting mainly of Canadian securities.
The Fund has been designed to take advantage of the expertise of Parador Asset Management, LLC, which will provide investment advisory and portfolio management services to the Fund. Parador's Chief Investment Officer is Roger Mortimer.
The offering is being made through a syndicate of agents co-led by CIBC World Markets Inc. and RBC Capital Markets and including BMO Capital Markets, Scotia Capital Inc., Canaccord Capital Corporation, HSBC Securities (Canada) Inc., Blackmont Capital Inc., Desjardins Securities Inc., Dundee Securities Corporation, GMP Securities L.P., Manulife Securities Incorporated, Raymond James Limited and Wellington West Capital Markets Inc.
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 $118 billion in total assets under management as of September 30, 2009.
To learn more, please contact your financial advisor or visit www.mackenziefinancial.com/msp.
For further information: For further information: Trish Tervit, Environics Communications Inc., (416) 969-2809, email@example.com