Mr. Luke Gould of Mackenzie Investments reports

MACKENZIE INVESTMENTS AND PRIMERICA FINANCIAL SERVICES LAUNCH ACTIVELY MANAGED SHARIAH-COMPLIANT MUTUAL FUND

Mackenzie Investments, a member of IGM Financial Inc., has launched the Mackenzie FuturePath Shariah Global Equity Fund, an actively managed mutual fund that provides access to global, Shariah-compliant investing certified by Ratings Intelligence, an external, world-class Shariah advisory firm. The fund is part of Mackenzie's FuturePath investment suite, launched in partnership with Primerica Financial Services Ltd., and will be available exclusively to Primerica clients across Canada.

The fund, managed by the Mackenzie global quantitative equity team, will invest primarily in developed-market equities that do not generally derive their income from industries that include alcohol, tobacco, pork-related products, weapons and defence, conventional banking, conventional insurance companies, and adult entertainment. The fund will be reviewed on a semi-annual basis by an external Islamic finance advisory board from Ratings Intelligence to ensure continuing compliance and certification.

"We're honoured to offer this new fund to Primerica clients, and provide them with the opportunity to align their investing with their faith and values," said Luke Gould, president and chief executive officer, Mackenzie Investments. "We believe the fund will benefit from the risk-aware focus and disciplined core investing approach that Mackenzie's dedicated investment professionals will apply to unlock high-quality, Shariah-compliant opportunities for long-term capital growth."

"Canadians have diverse and changing needs when it comes to their investments, and we seek to continually evolve our product offerings to deliver the products our clients are looking for," added John A. Adams, CEO, Primerica Canada. "We are proud to be working with Mackenzie to offer this new fund."

In July, 2022, Mackenzie Investments partnered with Primerica to launch the Mackenzie FuturePath suite of mutual funds, a full range of investment solutions created exclusively for Primerica with the goal of helping more Canadians become better invested.

About Mackenzie Investments

Mackenzie Investments is a leading investment management firm with $190-billion in assets under management as of May 31, 2023. 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 across Canada as well as in Boston, Dublin, London, Hong Kong and Beijing. Mackenzie is a member of IGM Financial, one of Canada's premier financial services companies with approximately $256-billion in total assets under management and advisement as of May 31, 2023.