The Securities Commission has granted an application from Mackenzie Financial Corporation, on behalf of certain mutual funds it manages, for an extension of the lapse dates of their prospectuses. The extensions are 80 days for the Mackenzie Series Funds and 137 days for the Laurentian Series Funds, allowing for the consolidation of their prospectuses with those of other funds under the same management to reduce costs and streamline disclosure.
This decision is based on subsection 62(5) of the Securities Act (Ontario), which allows for such an extension. The Commission agreed to the extensions as there have been no material changes in the affairs of the funds since the last prospectus, and the current prospectuses still provide accurate information. The extensions will not affect the public interest negatively.
The Mackenzie Series Funds’ prospectus will now lapse on September 29, 2022, and the Laurentian Series Funds’ prospectus on November 25, 2022. This will enable the funds to be offered under a single prospectus alongside other funds with similar operational and administrative features, facilitating easier comparison for investors and reducing the need for multiple renewals within a short timeframe.