TORONTO, Feb. 17 /CNW/ - MSP 2007 GP Inc. is pleased to announce that on
or about March 12, 2009, MSP 2007 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 Sentinel Canadian Short-Term Yield
Class (the "Fund") having the same aggregate value as the aggregate value of
the assets transferred by the Partnership. On or about March 13, 2009, 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 seeks to provide
tax-efficient returns similar to those of a Canadian money market fund managed
by Mackenzie. The Fund is one of 54 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
MSP 2007 GP Inc. is a subsidiary of Mackenzie Financial Corporation
("Mackenzie Investments"), which is the manager of the Partnership, the Fund,
and Capitalcorp. Mackenzie Investments was founded in 1967, and is a leading
investment management firm providing investment advisory and related services.
With $52.5 billion in assets under management as of January 31, 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 over $97 billion in total
assets under management as of January 31, 2009.
To learn more, please contact your financial advisor or visit the MSP
website at www.mackenziefinancial.com/msp.
For further information:
For further information: Catharine Marion, Environics Communications
Inc., (416) 969-2809, firstname.lastname@example.org