Mackenzie Investments Unveils New Cash Distribution Plans
Mackenzie Investments Announces New Cash Distributions
Mackenzie Investments, a leader in the investment management field, has exciting news for its investors regarding cash distributions linked to upcoming mergers and the termination of certain Exchange Traded Funds (ETFs). This announcement highlights their commitment to providing clear communication and beneficial options to their investors.
Details on Cash Distributions
The cash distributions will apply to the Unitholders of record. The firm is set to release cash distributions on a select number of ETFs in response to recent mergers. It’s worth noting that there are no additional quarterly distributions anticipated for the quarterly distributing ETFs this month, making these cash distributions particularly significant.
Upcoming Important Dates
Investors are advised that the Unitholders of record will receive their distributions shortly, which are expected to be processed efficiently. The mergers and terminations that will impact these distributions were first unveiled some time ago, ensuring transparency throughout this process. The expected dates for the distributions and subsequent changes are an important part of this announcement.
Overview of Merging ETFs
Mackenzie is merging several ETFs, and detailed per-unit amounts for these distributions have been announced. A table has been provided, illustrating the key information, including ticker symbols and respective distribution amounts for each Emerging Market ETF:
Specific Distribution Amounts
| ETF Name | Ticker Symbol | Cash Distribution per Unit ($) | Currency | Payment Frequency | Exchange |
|---|---|---|---|---|---|
| Mackenzie Maximum Diversification Canada Index ETF | MKC | $2.65764 | CAD | Quarterly | TSX |
| Mackenzie Maximum Diversification US Index ETF | MUS | $0.09608 | CAD | Quarterly | TSX |
| Mackenzie Maximum Diversification All World Developed Index ETF | MWD | $1.88184 | CAD | Quarterly | TSX |
| Mackenzie Maximum Diversification Emerging Markets Index ETF | MEE | $4.08064 | CAD | Semi-Annual | TSX |
| Mackenzie US Low Volatility ETF | MULV | $0.05643 | CAD | Quarterly | TSX |
| Mackenzie Maximum Diversification Developed Europe Index ETF | MEU | $0.41637 | CAD | Quarterly | TSX |
Insight into Terminating ETFs
Along with mergers, Mackenzie has announced the termination of the Mackenzie Maximum Diversification Developed Europe Index ETF. The details surrounding this include the final cash distribution amounts which are essential for current investors to note.
Final Distribution Amount for Terminating ETF
The terminating ETF will provide its last cash distribution, ensuring that investors are appropriately credited before the ETF is fully withdrawn from the market.
About Mackenzie Investments
Founded in 1967, Mackenzie Investments has grown into a prominent investment management firm, currently managing assets of approximately $208.6 billion. They provide various investment solutions to a diverse client base that includes retail and institutional investors.
The firm operates globally with offices in numerous key financial centers, expanding its reach to better serve its clients. Mackenzie emphasizes a commitment to operate transparently at every phase of their investments.
Frequently Asked Questions
What are the cash distributions announced by Mackenzie Investments?
Mackenzie Investments has shared information about cash distributions related to its upcoming mergers and terminations of various ETFs.
How do I know if I am eligible for the cash distributions?
Unitholders of record will automatically be eligible for the announced distributions based on their holdings.
What ETFs are part of the merger process?
The merging ETFs include products like the Mackenzie Maximum Diversification Canada Index ETF and others listed in the detailed announcements.
When will these cash distributions be paid?
Distributions for eligible ETFs will be processed shortly after the record dates as specified in Mackenzie’s announcements.
Where can I find more information about Mackenzie Investments?
More information can be found directly on Mackenzie Investments' website and through their press releases.
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