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TORONTO – September 21, 2018 – Mackenzie Investments and Quadrus Investment Services Ltd. announced today seven proposed mergers to simplify the Quadrus Group of Funds product offering for investors.
The proposed mergers are:
| Existing Fund (terminating) | To be merged into (continuing Fund) |
| Short Term Bond Fund (Portico) | Money Market Fund |
| Real Return Bond Fund (Portico) | Core Bond Fund (Portico) |
| Canadian Equity Class | Canadian Dividend Class1 (Laketon) |
| North American Specialty Class | Mackenzie U.S. Mid Cap Growth Class1 |
| U.S. and International Equity Class | Global All Cap Equity Class (Setanta)1 |
| U.S. and International Specialty Class | Global All Cap Equity Class (Setanta)1 |
| U.S. Value Fund (London Capital) | U.S. Value Fund (Putnam) |
1Investors will also vote on the proposed merger.
The 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.
About Quadrus Investment Services Ltd.
Quadrus Investment Services Ltd. (“Quadrus”) is one of the largest mutual fund dealers in Canada. Quadrus is a member of the Great-West Lifeco Inc. group of companies, which includes The Great West Life Assurance Company, London Life Insurance Company and The Canada Life Assurance Company. Quadrus Group of Funds is distributed exclusively through Quadrus Investment Services Ltd.
About Quadrus Group of Funds
Quadrus Group of Funds is managed by Mackenzie Investments and distributed exclusively through Quadrus Investment Services Ltd. 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.
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