TORONTO, Feb. 7, 2024
/CNW/ - As part of its ongoing efforts to streamline its
product shelf, Mackenzie Investments ("Mackenzie") today announced the
terminations of the Power Sustainable China Ascent Fund (the
"Fund") and the Mackenzie Portfolio Completion ETF (the
"ETF") (ticker symbol: MPCF).
Power Sustainable China Ascent
Fund termination
Mackenzie will be terminating
the Power Sustainable China Ascent Fund effective on or about
April 15, 2024 (the "Fund
Termination Date").
No action is required by investors. Investors in the Fund will
be sent a notice of termination at least 60 days prior to the Fund
Termination Date.
Up until the close of business on the Fund Termination Date,
investors may switch or redeem securities of the Fund at any time,
subject to the procedures and requirements set out in the Fund's
prospectus.
Mackenzie Portfolio Completion ETF
termination
Mackenzie will be terminating
the Mackenzie Portfolio Completion ETF effective on or about
April 23, 2024 (the "ETF
Termination Date").
No action is required by investors. Investors in the ETF will be
sent a notice of termination at least 60 days prior to the ETF
Termination Date. Effective today, no further direct subscriptions
for units of the ETF will be accepted by Mackenzie. The rights of unitholders of the
ETF to exchange or redeem units of the ETF will cease as of the ETF
Termination Date.
The ETF will cease trading and be voluntarily delisted from the
Toronto Stock Exchange at the request of Mackenzie following market close on or about
April 22, 2024.
At market close on the ETF Termination Date, all units of the
ETF will be cancelled, and Mackenzie will distribute to unitholders the
net proceeds from the liquidation of the ETF's assets together with
a final distribution of any income from the ETF, if required.
Mackenzie will issue a press
release on April 23, 2024 that will
confirm details of the ETF termination.
About Mackenzie Investments
Mackenzie Investments
("Mackenzie") is a leading investment management firm with
$195.7 billion in assets under
management as of December 31, 2023.
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
with approximately $240 billion in
total assets under management as of December
31, 2023. For more information, visit
mackenzieinvestments.com.
SOURCE Mackenzie Financial Corporation