Ms. Hilary Bassett reports

MACKENZIE INVESTMENTS ANNOUNCES CHANGES TO RISK RATING OF SELECT MUTUAL FUNDS

IGM Financial Inc.'s Mackenzie Investments has made changes to the risk rating of select mutual funds, effective on or about Nov. 3, 2023.

Mackenzie reviews and adjusts risk ratings in accordance with the risk classification methodology mandated by Canadian securities regulators. The risk rating of the mutual funds listed in an attached table will change as outlined therein. The changes will be effective on or about Nov. 3, 2023.

About Mackenzie Investments

Mackenzie Investments is a leading investment management firm with $186-billion in assets under management as of Sept. 30, 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 Inc., one of Canada's premier financial services companies, with approximately $253-billion in total assets under management and advisement as of Sept. 30, 2023.