TORONTO, March 5,
2025 /CNW/ - Mackenzie Investments ("Mackenzie")
today announced changes to two funds. These include:
1. Mackenzie
Cundill Canadian Balanced Fund
Proposed Investment Objective Change
Investors of Mackenzie Cundill Canadian Balanced
Fund are being asked to approve a change to transition the equity
and fixed income ranges from the fund's investment objectives to
its investment strategies. If approved, the maximum equity
securities allocation in the portfolio will increase from 60-70 per
cent to 60-90 per cent, and the minimum fixed income allocation
will reduce from 30-40 per cent to 10-40 per cent.
Investors of record, as of on or about
April 11, 2025, will receive a notice
of meeting prior to a special meeting of investors to be held on or
about June 5, 2025. If approved, the
investment objective changes will be executed on or about
June 27, 2025.
2. Mackenzie
Income Fund
Investment Strategy Change
The fixed-income investments of Mackenzie Income
Fund will now have a weighted average credit quality of "BB" or
higher, as rated by a recognized credit rating organization.
Risk Rating Change
Mackenzie reviews and adjusts risk ratings in
accordance with the Risk Classification Methodology mandated by
Canadian securities regulators. The risk rating of Mackenzie Income
Fund has changed as outlined below.
|
Fund
Name
|
Current Risk
Rating
|
New Risk
Rating
|
|
Mackenzie Income
Fund
|
Low
|
Low to
Medium
|
About Mackenzie Investments
Mackenzie Investments ("Mackenzie") is a Canadian
investment management firm with approximately $219 billion in assets under management as of
January 31, 2025. Mackenzie seeks to
create a more invested world by delivering strong investment
performance and offering innovative portfolio solutions and related
services to more than one million retail and institutional clients
through multiple distribution channels. Founded in 1967, it is a
global asset manager with offices across Canada as well as in Beijing, Boston, Dublin, Hong
Kong and London. Mackenzie
is a member of IGM Financial Inc. (TSX: IGM), part of the Power
Corporation group of companies and one of Canada's leading diversified wealth and asset
management organizations with approximately $278 billion in total assets under management and
advisement as of January 31, 2025.
For more information, visit mackenzieinvestments.com
SOURCE Mackenzie Financial Corporation
