TORONTO, Jan. 11, 2022 /CNW/ - Mackenzie Financial Corporation ("Mackenzie Investments" or "Mackenzie") and Canada Life Investment Management Ltd. ("CLIML") announced that investors approved the proposed reorganizations (each, a "Reorganization") outlined below, at special meetings held earlier today.
As a result of the Reorganizations, investors who hold Canada Life series of each Mackenzie Fund indicated below will be transitioned to a corresponding and substantially similar mutual fund managed by CLIML.
The Reorganizations follow a larger set of transactions which occurred on December 31, 2020 whereby 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. Further, the Reorganizations were not able to be initiated until a number of tax deferred mergers transitioned Canada Life Series investors to the Funds in July 2021.
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Mackenzie Fund
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Canada Life Fund
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Reorganization Date
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Mackenzie Global Growth Fund
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Canada Life Global Growth
Opportunities Fund
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January 28, 2022
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Mackenzie US Small-Mid Cap
Growth Fund
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Canada Life U.S. Small-Mid Cap
Growth Fund
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January 28, 2022
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Mackenzie Emerging Markets
Fund II
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Canada Life Emerging Markets
Equity Fund
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January 28, 2022
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Mackenzie Ivy European Fund
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Canada Life European Equity
Fund
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March 11, 2022
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Mackenzie Precious Metals Fund
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Canada Life Precious Metals Fund
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March 11, 2022
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The changes outlined above will have no impact on Mackenzie series investors.
For more information on the Reorganizations, please refer to the management information circular dated December 2, 2021, which is available on the Mackenzie and Canada Life websites and at www.sedar.com.
About Mackenzie Investments
Mackenzie Investments is a leading investment management firm with approximately $210.3 billion in assets under management as of December 31, 2021. 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. (TSX: IGM), one of Canada's premier financial services companies. For more information, visit mackenzieinvestments.com.
About Canada Life Investment Management Ltd.
CLIML is the fund management subsidiary of The Canada Life Assurance Company, a leading insurance, wealth management and benefits provider focused on improving the financial, physical and mental well-being of Canadians. For more than 170 years, individuals, families and business owners across Canada have trusted us to provide sound guidance and deliver on the promises we've made.
On January 1, 2020, Great-West Life, London Life and Canada Life became one company – Canada Life, and today, we proudly serve more than 12 million customer relationships from coast to coast to coast.
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SOURCE Mackenzie Investments
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