December 23, 2019

Mackenzie Investments Announces Final Year-End Reinvested Distributions for its Exchange Traded Funds

TORONTO – December 23, 2019 – Mackenzie Investments today announced the final year-end reinvested distributions for its exchange-traded funds ("ETFs") that trade on the Toronto Stock Exchange ("TSX") and Aequitas NEO Exchange ("NEO") for the 2019 tax year. Please note that this is an update to the estimated year-end reinvested distributions previously announced on December 13, 2019.

These are distributions of undistributed net income and/or capital gains. The distributions will be reinvested in additional units of the respective ETFs and do not include ongoing monthly, quarterly, semi-annual or annual cash distribution amounts. The additional units will be immediately consolidated with the units previously outstanding, so that the number of units outstanding following the distribution will equal the number of units outstanding prior to the distribution.

The record date for these distributions is December 31, 2019. The actual taxable amounts distributed by the ETFs in 2019, including the tax characteristics of these amounts, will be reported to brokers through CDS Clearing and Depository Services Inc. in early 2020.

Details of the final per-unit distribution amounts are as follows:

Mackenzie ETF	Ticker Symbol	Distribution per Unit ($)	CUSIP	ISIN	Exchange
Mackenzie Core Plus Global Fixed Income ETF	MGB	0.00000	55452P101	CA55452P1018	TSX
Mackenzie Unconstrained Bond ETF	MUB	0.00000	55454N104	CA55454N1042	TSX
Mackenzie Floating Rate Income ETF	MFT	0.00000	55453X103	CA55453X1033	TSX
Mackenzie Core Plus Canadian Fixed Income ETF	MKB	0.04919	55452R107	CA55452R1073	TSX
Mackenzie Global High Yield Fixed Income ETF	MHYB	0.00000	55454M106	CA5545M1068	NEO
Mackenzie Canadian Short Term Fixed Income ETF	MCSB	0.00000	55452Q109	CA55452Q1090	TSX
Mackenzie Canadian Aggregate Bond Index ETF	QBB	0.83148	55452S105	CA55452S1056	TSX
Mackenzie Canadian Short-Term Bond Index ETF	QSB	1.26943	55453K101	CA55453K1012	TSX
Mackenzie Canadian All Corporate Bond Index ETF	QCB	0.94604	55454A102	CA55454A1021	NEO
Mackenzie US TIPS Index ETF (CAD-Hedged)	QTIP	0.00000	55456B108	CA55456B1085	NEO
Mackenzie US Investment Grade Corporate Bond Index ETF (CAD-Hedged)	QUIG	0.00000	55455H106	CA55455H1064	TSX
Mackenzie US High Yield Bond Index ETF (CAD-Hedged)	QHY	0.00000	55455K109	CA55455K1093	TSX
Mackenzie Maximum Diversification Canada Index ETF	MKC	0.19446	55453L109	CA55453L1094	TSX
Mackenzie Maximum Diversification US Index ETF	MUS	0.00000	55453M107	CA55453M1077	TSX
Mackenzie Maximum Diversification Developed Europe Index ETF	MEU	0.00000	55453P100	CA55453P1009	TSX
Mackenzie Maximum Diversification All World Developed Index ETF	MWD	0.00000	55453N105	CA55453N1050	TSX
Mackenzie Maximum Diversification All World Developed ex North America Index ETF	MXU	0.00000	55454L108	CA55454L1085	TSX
Mackenzie Canadian Large Cap Equity Index ETF	QCE	0.00473	55454W104	CA55454W1041	TSX
Mackenzie Canadian Equity Index ETF	QCN	0.00000	55453U109	CA55453U1093	TSX
Mackenzie US Large Cap Equity Index ETF	QUU	0.36437	55454T101	CA55454T1012	TSX
Mackenzie US Large Cap Equity Index ETF (CAD-Hedged)	QAH	0.00000	55455M105	CA55455M1059	TSX
Mackenzie International Equity Index ETF	QDX	0.00000	55455T100	CA55455T1003	TSX
Mackenzie International Equity Index ETF (CAD-Hedged)	QDXH	1.74174	55455Y109	CA55455Y1097	TSX
Mackenzie Maximum Diversification Emerging Markets Index ETF	MEE	0.00000	55453Q108	CA55453Q1081	TSX
Mackenzie Portfolio Completion ETF	MPCF	0.00000	55454D106	CA55454D1069	TSX
Mackenzie Global Leadership Impact ETF	MWMN	0.00000	55455D105	CA55455D1050	NEO
Mackenzie Ivy Global Equity ETF	MIVG	0.18755	55454E104	CA55454E1043	TSX
Mackenzie China A-Shares CSI 300 Index ETF	QCH	0.00000	55454U108	CA55454U1084	NEO
Mackenzie Emerging Markets Local Currency Bond Index ETF	QEBL	0.00000	55455J102	CA55455J1021	TSX
Mackenzie Emerging Markets Bond Index ETF (CAD-Hedged)	QEBH	0.00000	55454J103	CA55455J1030	TSX

Further information about Mackenzie ETFs can be found at mackenzieinvestments.com/etf.

About Mackenzie Investments
Mackenzie Investments was founded in 1967, and is a leading investment management firm providing investment advisory and related services. With $140.2 billion in assets under management as of November 30, 2019, 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 $166.4 billion in total assets under management as of November 30, 2019. For more information, visit mackenzieinvestments.com.

For further information, please contact:

Nini Krishnappa
Mackenzie Investments
647-828-2553

Commissions, management fees, brokerage fees and expenses all may be associated with Exchange Traded Funds. Please read the prospectus before investing. Exchange Traded Funds are not guaranteed, their values change frequently and past performance may not be repeated.

The payment of distributions is not guaranteed and may fluctuate. The payment of distributions should not be confused with an Exchange Traded Fund’s performance, rate of return or yield. If distributions paid by the Exchange Traded Fund are greater than the performance of the Exchange Traded Fund, your original investment will shrink. Distributions paid as a result of capital gains realized by an Exchange Traded Fund, and income and dividends earned by an Exchange Traded Fund are taxable in your hands in the year they are paid. Your adjusted cost base will be reduced by the amount of any returns of capital. If your adjusted cost base goes below zero, you will have to pay capital gains tax on the amount below zero.