Fund mergers and sub-advisor change to select Quadrus Group of Funds

TORONTO, April 17, 2014 /CNW/ - Mackenzie Financial Corporation (Mackenzie Investments) today announced mergers affecting three separate funds and a sub-advisor change to another. These four funds are distributed exclusively through Quadrus Investment Services Ltd.

The merging funds are:

• Focused Canadian Equity Fund (CGOV) into Focused Canadian Equity Class (CGOV)
• International Equity Fund (Putnam) into International Equity Class (Putnam)
• Global Equity Fund (Setanta) into Global Equity Class (Setanta)

The mergers are expected to occur on or about June 25, 2014. The mergers were reviewed and approved by the Independent Review Committee (IRC) of the Mackenzie Funds on April 16, 2014. Investors in each terminating fund will be provided a 60 day written notice before the merger.

U.S. Value Class (Eaton Vance) will be renamed U.S. Value Class (Putnam), and the new sub-advisor will be The Putnam Advisory Company LLC. This change is effective on or about June 27, 2014.

Mackenzie Investments was founded in 1967, and is a leading investment management firm providing investment advisory and related services. With $68.4 billion in assets under management as at March 31, 2014, Mackenzie Investments distributes its investment services through multiple distribution channels to both retail and institutional investors. 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 $137 billion in total assets under management as at March 31, 2014. For more information, visit mackenzieinvestments.com.

Quadrus Investment Services Ltd. ("Quadrus") is one of the largest mutual fund dealers in Canada. Quadrus is a member of the Great-West Lifeco Inc. group of companies, which includes The Great-West Life Assurance Company, London Life Insurance Company and The Canada Life Assurance Company. Quadrus Group of Funds is distributed exclusively through Quadrus Investment Services Ltd.

SOURCE Mackenzie Investments