Ms. Hilary Bassett reports

MACKENZIE INVESTMENTS ANNOUNCES PROPOSED CHANGES TO FURTHER STREAMLINE PRODUCT SHELF

IGM Financial Inc.'s Mackenzie Investments has proposed one fund merger and one fund termination, subject to a vote by unitholders, as part of its continuing efforts to streamline its product shelf. Additionally, Mackenzie announced a portfolio management and investment strategy change to one mutual fund and ETF (exchange-traded fund).

Merger and termination

Mackenzie has proposed the following fund merger.

  
Existing fund                                    To be merged into (continuing fund)
Mackenzie Multi-Strategy Absolute Return Fund    Mackenzie Global Macro Fund        

  

Further, Mackenzie announced the proposed termination of the Mackenzie Credit Absolute Return Fund.

Investors of record on or about April 8, 2024, in the Mackenzie Multi-Strategy Absolute Return Fund and/or Mackenzie Credit Absolute Return Fund will receive a notice of meeting prior to a special meeting of investors to be held on or about May 31, 2024. If approved, both the merger and termination (including liquidation) of funds is expected to be executed on or about June 21, 2024.

Portfolio management and investment strategy change

Mackenzie also announced that it will make a change to the portfolio management of the Mackenzie Global Women's Leadership Fund and Mackenzie Global Women's Leadership ETF by replacing current subadviser Impax Asset Management with the Mackenzie multiasset strategies team. Mackenzie will make changes to the investment strategy of the fund and ETF to align with the team's investment philosophy.

This change is not subject to investor approval and will take place on or around April 3, 2024.

About Mackenzie Investments

Mackenzie Investments is a leading investment management firm with $196.1-billion in assets under management as of Jan. 31, 2024. Mackenzie provides investment solutions and related services to more than one million retail and institutional clients through multiple distribution channels. Founded in 1967, Mackenzie is a global asset manager with offices across Canada, as well as in Boston, Dublin, London, Hong Kong and Beijing. Mackenzie is a member of IGM Financial Inc., one of Canada's premier financial services companies with approximately $241-billion in total assets under management as of Jan. 31, 2024.