TORONTO, June 13, 2012 /CNW/ - Mackenzie Financial Corporation (Mackenzie Investments) today announced the results of the special meeting, held yesterday, of investors in Mackenzie Saxon Explorer Class.
Mackenzie Saxon Explorer Class investors approved a resolution to merge Mackenzie Saxon Explorer Class into Mackenzie Universal North American Growth Class. The merger consolidates two funds with similar fees and investment objectives into a single, larger fund. The merger is expected to take place after the close of business on June 15, 2012.
Mackenzie Investments: Mackenzie Investments was founded in 1967, and is a leading investment management firm providing investment advisory and related services. With $60.2 billion in assets under management as at May 31, 2012, 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 $117 billion in total assets under management as at May 31, 2012. For more information, visit www.mackenziefinancial.com.