General and Ownership
Mackenzie Europe was incorporated in 1993 and provides investment advisory and related services. Mackenzie
Europe is wholly-owned by Mackenzie Financial Corporation, an indirect subsidiary of IGM Financial Inc. (TSX:
IGM). IGM Financial Inc. is one of Canada’s premier financial services companies. As of January 31, 2024, Power
Financial Corporation, a wholly-owned subsidiary of Power Corporation of Canada, beneficially owned, directly
and indirectly, 65.984% of IGM Financial Inc. (excluding 0.019% held by The Canada Life Assurance Company
in its segregated funds or for similar purposes). The Desmarais Family Residuary Trust, a trust for the benefit of
the members of the family of the late Mr. Paul G. Desmarais, has voting control, directly or indirectly of Power
Corporation of Canada.
Types of Advisory Services We Offer
We provide discretionary investment advisory services to Canadian mutual funds (“Canadian Mutual Funds”),
each of which is distributed under a prospectus in each of the provinces and territories of Canada.
We currently provide discretionary investment advisory services to the following Clients in the U.S.:
Separately Managed Accounts (i.e., private client accounts including pension funds, collective investment
trusts and other clients) (“Separately Managed Accounts”).
Tailoring Advisory Services to the Individual Need of
Clients
Consistent with its fiduciary duty, Mackenzie Europe generally considers the individual needs of all clients and
tailors the advisory services it provides to Clients as follows:
(1) Canadian Mutual Funds are managed in accordance with each fund’s particular investment objectives,
strategies and restrictions established for that fund. A fund can impose restrictions on investing in certain
securities or types of securities. These funds are not managed in accordance with the individualized needs of
any particular interest holder in the fund. Therefore, a fund’s investors should consider whether the fund meets
their investment objectives and risk tolerance prior to investing.
(2) Separately Managed Accounts are managed in accordance with each Client’s investment objectives,
strategies, restrictions and guidelines, as communicated to Mackenzie Europe by the Client. Clients can
impose restrictions on investing in certain securities or types of securities.
Information about Canadian Mutual Funds can be found in their relevant Canadian prospectus and annual
information form, as applicable, on the SEDAR website.
What is the Value of the Client Assets We Manage?
As of December 31, 2023, we managed USD $4,577,034,509 in client assets on a discretionary basis. We did not
manage any client assets on a non-discretionary basis as of that date.
7 | P a g e