Ms. Hilary Bassett reports

MACKENZIE INVESTMENTS ANNOUNCES CHANGES TO SELECT MUTUAL FUNDS

Mackenzie Investments has made changes to the investment strategies of Mackenzie Bluewater Canadian Growth Balanced Fund and Mackenzie Canadian Value Balanced Fund (formerly Mackenzie Cundill Canadian Balanced Fund), and has made changes to the risk ratings of select mutual funds.

Investment strategies changes

The investment strategies of Mackenzie Bluewater Canadian Growth Balanced Fund and Mackenzie Canadian Value Balanced Fund have each been updated to increase the maximum percentage of foreign securities to 49 per cent. This is being done to allow the funds to include additional global investment opportunities that support their respective investment objectives. The changes are effective Sept. 29, 2026.

There are no changes to the funds' investment objectives, investment philosophy, process or portfolio management approach.

Risk rating changes

Mackenzie reviews and adjusts risk ratings in accordance with the risk classification methodology prescribed by Canadian securities regulators. As a result of this review, the risk rating of the following mutual funds will change as outlined below, effective Sept. 29, 2026. There are no changes to the investment strategy of these mutual funds.

About Mackenzie Investments

Mackenzie Investments is a Canadian investment management firm with approximately $270-billion in assets under management as of Aug. 31, 2026. Mackenzie seeks to create a more invested world by delivering strong investment performance and offering innovative portfolio solutions and related services to more than one million retail and institutional clients through multiple distribution channels. Founded in 1967, it is a global asset manager with offices across Canada, as well as in Beijing, Boston, Dublin, Hong Kong and London. Mackenzie is a member of IGM Financial Inc. (Toronto Stock Exchange: IGM), part of the Power Corp. group of companies and one of Canada's leading diversified wealth and asset management organizations with approximately $346-billion in total assets under management and advisement as of Aug. 31, 2026.