Mackenzie Investments is proposing that the Mackenzie Canadian All Cap Dividend Fund be merged into the Mackenzie Canadian Large Cap Dividend Fund, and that the Mackenzie Canadian All Cap Dividend Class be merged into the Mackenzie Canadian Large Cap Dividend Class.

Martin Downie, Senior Vice-President, Portfolio Manager and Tim Johal, Vice-President, Portfolio Manager will become the portfolio managers on the Mackenzie Canadian All Cap Dividend mandate in addition to the portfolio manager roles they already hold on the Mackenzie Canadian Large Cap Dividend mandate, the company stated in a Sept. 21 announcement.

Investors of Mackenzie Canadian Large Cap Dividend Class are also being asked to approve a change to the fund's investment objective that will enable the fund to invest in mutual fund securities in the same manner as the fund that is being terminated (Mackenzie Canadian All Cap Dividend Class), added the company.

Furthermore, the company announced that Simon Chiu, Associate Portfolio Manager, on the Mackenzie Cundill team, “will add his expertise to the Mackenzie Cundill Canadian Security mandate and Mackenzie Cundill Canadian Balanced Fund. As a result of this change, William Aldridge, Vice-President, Investment Management will no longer advise on these strategies.”

The mergers are subject to investor approval.