September 21, 2018

Mackenzie Investments announces mergers to streamline and strengthen product shelf

TORONTO – September 21, 2018 – Mackenzie Investments is streamlining its product shelf with the announcement of two mergers to make it easier for investors to navigate.

The proposed mergers are:

Existing Fund (terminating)	To be merged into¹ (continuing Fund)
Mackenzie Canadian All Cap Dividend Fund	Mackenzie Canadian Large Cap Dividend Fund
Mackenzie Canadian All Cap Dividend Class	Mackenzie Canadian Large Cap Dividend Class²

Martin Downie, Senior Vice-President, Portfolio Manager and Tim Johal, Vice-President, Portfolio Manager will become the portfolio managers on the Mackenzie Canadian All Cap Dividend mandate in addition to the portfolio manager roles they already hold on the Mackenzie Canadian Large Cap Dividend mandate. Martin Downie began his career in the investments industry in 1984 and is Head of the Mackenzie North American Equities Team. Tim Johal began his career in the investments industry in 2000.

Additional changes

Investors of Mackenzie Canadian Large Cap Dividend Class (a continuing fund), are also being asked to approve a change to the Fund’s investment objective that will enable the Fund to invest in mutual fund securities in the same manner as the terminating Fund.
On the Mackenzie Cundill Team, Associate Portfolio Manager, Simon Chiu will add his expertise to the Mackenzie Cundill Canadian Security mandate and Mackenzie Cundill Canadian Balanced Fund. As a result of this change, William Aldridge, Vice-President, Investment Management will no longer advise on these strategies.

¹The mergers are subject to approval by the investors of those funds. Investors of record as of December 4, 2018 will receive a notice of meeting prior to a special meeting of investors held on or about January 18, 2019. If approved, the mergers will take effect February 8, 2019.

²Investors that hold securities of Mackenzie Canadian Large Cap Dividend Class will also vote on the proposed merger.

About Mackenzie Investments

Mackenzie Investments was founded in 1967, and is a leading investment management firm providing investment advisory and related services. With $142.3 billion in assets under management as of August 31, 2018, 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 $161.1 billion in total assets under management as of August 31, 2018.

For further information, please contact:

Trish Tervit
Director, Communications and Media Relations
Mackenzie Investments
416-967-2166
ttervit@mackenzieinvestments.com