Ms. Jaimie Roebuck reports

MACKENZIE INVESTMENTS ANNOUNCES PROPOSED FUND MERGERS

Mackenzie Investments has proposed the following six fund mergers as part of its continuing efforts to streamline its product shelf.

The proposed mergers will be completed on a tax-deferred basis.

                          MERGERS REQUIRING INVESTOR APPROVAL

Existing fund (terminating fund)                   To be merged into (continuing fund)    

Mackenzie Ivy European Fund                        Mackenzie GQE International Equity Fund
Mackenzie Bluewater North American Equity Fund     Mackenzie Bluewater U.S. Growth Fund     
Mackenzie Bluewater North American Balanced Fund   Mackenzie Global Strategic Income Fund 
Mackenzie Tax-Managed Global Equity Fund           Mackenzie Global Dividend Fund         

Investors of record as of Sept. 16, 2026, for the four mergers requiring a vote will receive a notice prior to a special meeting of investors to be held on or about Nov. 4, 2026. If approved, the mergers are expected to be executed on or about Nov. 13, 2026.

                   MERGERS NOT REQUIRING INVESTOR APPROVAL

Existing fund (terminating fund)      To be merged into (continuing fund)    

Mackenzie Ivy International Fund      Mackenzie GQE International Equity Fund
Mackenzie Ivy International Fund II   Mackenzie GQE International Equity Fund

No investor action is required for these two mergers. Investors will receive at least 60 days notice with details regarding the mergers, which are expected to occur on or about Nov. 13, 2026.