Mackenzie Financial Corp. has completed the distribution of series A shares of Mackenzie Universal World Resource Class that resulted from the dissolution of MSP 2010 Resource Limited Partnership, the company said Monday.
The partnership acquired the fund shares on March 22, in exchange for the transfer of its assets to Mackenzie Financial Capital Corp. The rollover occurred on a tax-deferred basis.
Each investor in the partnership received 0.8022 fund shares for each partnership unit held. This ratio was determined using the net asset value of the partnership on March 22, which was $23.2164 per unit.
The fund is a mutual fund that is a class of redeemable shares of Mackenzie Financial Capital Corp, a multi-class mutual fund corporation. The fund pursues long-term capital growth primarily from investment in shares of companies operating anywhere in the world in the energy and natural resources industries.