TORONTO, Sept. 21, 2012 /CNW/ - Mackenzie Financial
Corporation (Mackenzie Investments) announced the results of
today's special meetings of investors in Symmetry Equity Class,
Symmetry Fixed Income Class and Symmetry Registered Fixed Income
Fund.
Investors approved the proposed changes to the investment
objectives of the three aforementioned Symmetry funds. The changes
will be effective upon the renewal of the simplified prospectus for
the Mackenzie Funds, which is expected to occur in early
October.
Distribution changes
Effective January 1, 2013, regular
monthly distributions will be discontinued on all currently offered
series of Mackenzie Maxxum Dividend Growth Fund. Investors who wish
to receive regular monthly distributions from this fund will have
the option to switch into Series T5 securities, which have been
created for this purpose. Cash distributions on the existing series
of this fund will be discontinued after the December 2012 payment.
Also effective January 1, 2013,
all series of Mackenzie Sentinel Income Fund will pay a monthly
distribution at an annualized rate of 5% of the net asset value as
at the end of the preceding year. When these changes become
effective, Series T5 securities of Mackenzie Maxxum Dividend Growth
Fund and all series of Mackenzie Sentinel Income Fund will be
eligible for Mackenzie's Flexible Payout Service, which allows
investors to customize cash payouts to suit their individual
needs.
Mackenzie Investments: Mackenzie Investments was founded
in 1967, and is a leading investment management firm providing
investment advisory and related services. With $59.9 billion in assets under management as at
August 31, 2012, 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 $117.7 billion in total assets
under management as at August 31,
2012. For more information, visit
www.mackenziefinancial.com.
SOURCE Mackenzie Investments