TORONTO, Sept. 21, 2012 /CNW/ - Mackenzie Financial Corporation
(Mackenzie Investments) announced the results of today's special
meetings of investors in Symmetry Equity Class, Symmetry Fixed Income
Class and Symmetry Registered Fixed Income Fund.
Investors approved the proposed changes to the investment objectives of
the three aforementioned Symmetry funds. The changes will be effective
upon the renewal of the simplified prospectus for the Mackenzie Funds,
which is expected to occur in early October.
Effective January 1, 2013, regular monthly distributions will be
discontinued on all currently offered series of Mackenzie Maxxum
Dividend Growth Fund. Investors who wish to receive regular monthly
distributions from this fund will have the option to switch into Series
T5 securities, which have been created for this purpose. Cash
distributions on the existing series of this fund will be discontinued
after the December 2012 payment.
Also effective January 1, 2013, all series of Mackenzie Sentinel Income
Fund will pay a monthly distribution at an annualized rate of 5% of the
net asset value as at the end of the preceding year. When these changes
become effective, Series T5 securities of Mackenzie Maxxum Dividend
Growth Fund and all series of Mackenzie Sentinel Income Fund will be
eligible for Mackenzie's Flexible Payout Service, which allows
investors to customize cash payouts to suit their individual needs.
Mackenzie Investments: Mackenzie Investments was founded in 1967, and is a leading investment
management firm providing investment advisory and related services.
With $59.9 billion in assets under management as at August 31, 2012,
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 $117.7 billion in total assets under
management as at August 31, 2012. For more information, visit www.mackenziefinancial.com.
SOURCE: Mackenzie Investments
For further information:
Director, Communications and Media Relations