Mackenzie U.S. Mid-Cap Growth Class and Mackenzie U.S. Mid-Cap Growth Class - Currency Neutral will be closed to new investors effective October 29, 2020

TORONTO, Sept. 28, 2020 /CNW/ - Mackenzie Investments today announced the relative capping of Mackenzie U.S. Mid-Cap Growth Class and Mackenzie U.S. Mid-Cap Growth Class - Neutral Currencies effective October 29, 2020 due to capacity constraints.

These funds will be closed to New Subscriptions, with the exception of purchases of the following types of investors:

• Those who hold securities of the funds as of October 29, 2020 and investors who subscribe to a systematic program.
• Those who subscribe to these funds through a discretionary account and whose advisor has signed a Certificate of Registration for Portfolio Management from Mackenzie's registered representative.

"Mackenzie U.S. Small and Mid-Cap Growth Class and Mackenzie U.S. Small and Mid-Cap Growth Class - Currencies Neutral have delivered very strong returns compared to their indexes and peers, resulting in sustained asset growth in recent years, said Kristi Ashcroft, Senior Vice President and Chief Product Officer, Mackenzie Investments. Closing these funds to new investors should help ensure that we protect the integrity of the investment process of portfolio managers and that strong capital inflows do not impede the managers' ability to achieve the investment objectives of the funds.  Investors. »

For investors who do not own any of the funds but want to access the growth of the U.S. mid-cap sector, Mackenzie has launched the  Mackenzie U.S. Midcap Opportunities Fund  on May 20, 2020 and will launch the Mackenzie U.S. Mid-Cap Opportunities Fund - Neutral Currencies later this fall.

Both funds are managed by the same team dealing with Mackenzie U.S. Small and Mid-Cap Growth Class and Mackenzie U.S. Small and Mid-Cap Growth Class - Currency Neutral. Led by Phil Taller, award-winning Portfolio Manager and Senior Vice-President, the Mackenzie growth team includes Sonny Aggarwal, Portfolio Manager and Vice-President, and John Lumbers, Senior Portfolio Manager. The team leverages its deep expertise and knowledge in the U.S. mid-cap space to seek investment opportunities that can drive long-term capital growth. In addition, Mr. Taller also leads the management team of mackenzie Global Small and Mid Cap Fund, which is another option Mackenzie offers investors seeking exposure to the small and mid-cap market.

About Mackenzie Investments
Mackenzie Investments ("Mackenzie") is a leading investment management firm with $147 billion in assets under management as at August 31 , 2020. Mackenzie provides investment solutions and related services to more than one million retail and institutional clients through multiple distribution channels. Founded in 1967, Mackenzie is a global asset manager with offices in Canada as well as Boston, Dublin, London, Hong Kong and Beijing. Mackenzie is a member of the IGM Financial Group of Companies (TSX:IGM), one of Canada 's leading financial services companies with approximately $173 billion in assets under management as of August 31 , 2020. For more information, please visit placementsmackenzie.com.

SOURCE Mackenzie Investments

For further information: Alida Alepian, Capital-Image Inc., (514) 739-1188, ext. 239, [email protected]