TORONTO, Feb. 27, 2012 /CNW/ - Mackenzie Financial Corporation ("Mackenzie Investments") is pleased to announce that on or about March 22, 2012, MSP 2010 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 23, 2012, 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 $63.4 billion in assets under management as of January 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 approximately $122.0 billion in total assets under management as of January 31, 2012.
To learn more, please contact your financial advisor or visit the MSP website at www.mackenziefinancial.com/msp.
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