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Mackenzie announces proposed fund mergers

By The IJ Staff | April 29 2019 01:30PM

Mackenzie Investments announced on April 26 that it plans to streamline its product shelf with three mergers, subject to investor approval.

The mergers, which would take place on or about August 16, are:

Existing Fund (terminating)

To be merged into (continuing Fund)

Mackenzie Canadian Balanced Fund

Mackenzie Strategic Income Fund

Mackenzie US Strategic Income Fund

Mackenzie Global Strategic Income Fund

Mackenzie US Dividend Registered Fund

Mackenzie US Dividend Fund

Furthermore, investors of Mackenzie Canadian Resource Fund are being asked to approve a change to the fund's investment objectives that will enable the fund to invest in shares of resource companies operating anywhere in the world. If this change is approved and implemented, the fund’s name will be changed to Mackenzie Global Resource Fund.

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