Mackenzie Financial Corporation and Canada Life Investment Management (CLIML) announced on Nov. 12 proposals to reorganize a number of funds on a tax deferred basis.

These reorganizations are subject to regulatory approval and investor approval at special meetings to be held on Jan. 11, 2022. 

If approved, the reorganizations will result in investors who hold Canada Life series units of applicable Mackenzie mutual funds to be transitioned to corresponding and substantially similar mutual funds managed by CLIML. 

The proposed reorganizations are as follows: 

These reorganizations follow a larger set of transactions which occurred on Dec. 31, 2020 when Mackenzie transitioned its responsibilities as manager and trustee of the Canada Life Mutual Funds (formerly the Quadrus Group of Funds) and the Canada Life Pathways Funds to CLIML