TORONTO, Feb. 24 /CNW/ - Mackenzie Financial Corporation ("Mackenzie Investments") is pleased to
announce that on or about March 24, 2011, MSP 2009 Resource LP (the
"Partnership") will transfer substantially all of its assets to
Mackenzie Financial Capital Corporation ("Capitalcorp"). In exchange,
Capitalcorp will issue to the Partnership a number of shares of
Mackenzie Universal World Resource Class (the "Fund") having the same
aggregate value as the aggregate value of the assets transferred by the
Partnership. On or about March 25, 2011, the Partnership will be
dissolved, with the result that Limited Partners of the Partnership
will become shareholders of the Fund. Appropriate tax elections will
be made so that these transfers occur on a tax-deferred basis.
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 56 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 $68.9 billion in assets under management as of January 31, 2011,
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
$131 billion in total assets under management as of January 31, 2011.
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:
Environics Communications Inc.