General and Ownership
Mackenzie Financial Corporation was founded in 1967 and is a leading investment management firm providing
investment advisory and related services. Mackenzie collaborates with its affiliates, Mackenzie Investments
Corporation (“MIC”), Mackenzie Investments Europe Limited (“MIEL”) and Mackenzie Investments Asia Limited
(“MIAL”) in providing such services. Mackenzie is a subsidiary of IGM Financial Inc. (TSX: IGM). IGM Financial
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 and indirectly of Power Corporation of Canada.
Types of Advisory Services We Offer
We currently provide discretionary investment advisory services to the following Clients:
Canadian mutual funds, including exchange-traded funds (“Canadian Mutual Funds”), each of which is
distributed under a prospectus in each of the provinces and territories of Canada, or is exempt from
distribution under a prospectus under Canadian securities legislation;
Separately Managed Accounts (i.e., private client or institutional accounts, including pension plans)
(“Separately Managed Accounts”);
One Cayman Islands private investment fund structure (“Private Fund”) that operates as a “master feeder”
structure; and
One closed-end fund listed on the Toronto Stock Exchange (“Closed-End
Fund”).
Tailoring Advisory Services to the Individual Needs of Clients
Consistent with its fiduciary duty, Mackenzie generally considers the individual needs of all clients and tailors the
advisory services it provides to Clients as follows:
(1) Separately Managed Accounts are managed in accordance with the relevant Client’s investment
objectives, strategies, restrictions and guidelines, as communicated to Mackenzie by the Client. Clients
can impose restrictions on investing in certain securities or types of securities;
(2) Canadian Mutual Funds, the Closed-End Fund, and the Private Fund are managed in accordance
with the relevant fund’s investment objectives, strategies and restrictions. 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.
Information about funds can be found in their relevant registration, governing and/or offering documents. For
Canadian Mutual Funds, a Canadian prospectus can be found on the SEDAR website. For the Private Fund,
relevant information is available in the applicable offering materials and governing documents, which will be
available to current and prospective investors only through Mackenzie or another authorized party.
What is the Value of the Client Assets We Manage
As of December 31, 2023, we managed USD $158,220,261,356 in client assets on a discretionary basis. We did
not manage any client assets on a non-discretionary basis as of that date.
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