Canadian Shield Fund has filed a preliminary prospectus for an initial public offering of combined units, Mackenzie Financial Corp. said Friday.

Each combined unit consists of one redeemable unit and one-half of one warrant to purchase one unit.

The investment objectives of the fund are to generate superior risk-adjusted absolute returns in Canadian dollars and to preserve the fund’s capital in all market environments, Mackenzie says.

The fund intends to achieve is objectives by investing in an actively managed portfolio consisting mainly of Canadian securities.

Parador Asset Management, LLC will provide investment advisory and portfolio management services to the fund. Parador’s chief investment officer is Roger Mortimer.

The offering is being made through a syndicate of agents co-led by CIBC World Markets Inc. and RBC Capital Markets and including BMO Capital Markets, Scotia Capital Inc., Canaccord Capital Corp., HSBC Securities (Canada) Inc., Blackmont Capital Inc., Desjardins Securities Inc., Dundee Securities Corp., GMP Securities L.P., Manulife Securities Incorporated, Raymond James Limited and Wellington West Capital Markets Inc.

IE