TORONTO, March 26, 2012 /CNW/ - Mackenzie Financial Corporation (Mackenzie Investments) is pleased to announce that it has completed the distribution of Series A shares of Mackenzie Universal World Resource Class (the Fund) that resulted from the dissolution of MSP 2010 Resource Limited Partnership. The Partnership acquired the Fund shares on March 22, 2012 in exchange for the transfer of its assets to Mackenzie Financial Capital Corporation (Capitalcorp). These events occurred on a tax-deferred basis.
Each investor in the Partnership received 0.8022 Fund shares for each Partnership unit held. This ratio was determined using the net asset value of the Partnership on March 22, 2012, which was $23.2164 per unit.
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 61 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 $64.8 billion in assets under management as of February 29, 2012, Mackenzie Investments distributes its 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 $124 billion in total assets under management as of February 29, 2012.
To learn more, please contact your financial advisor or visit the MSP website at www.mackenziefinancial.com/msp.
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