Ms. Hilary Bassett reports

MACKENZIE INVESTMENTS ANNOUNCES ESTIMATED YEAR-END REINVESTED DISTRIBUTIONS FOR ITS EXCHANGE TRADED FUNDS

Mackenzie Investments has estimated year-end reinvested distributions for its exchange-traded funds (ETFs) that trade on the Toronto Stock Exchange and Cboe Canada for the 2023 tax year. Please note that these are estimated amounts only as of Oct. 15, 2023. These amounts reflect forward-looking information, and the actual reinvested distributions may differ materially from these estimates.

These are estimated distributions of undistributed net income and/or capital gains. The distributions will be reinvested in additional units of the respective ETFs and do not include estimates of continuing monthly, quarterly, semi-annual or annual cash distribution amounts. The additional units will be immediately consolidated with the units previously outstanding, so that the number of units outstanding following the distribution will equal the number of units outstanding prior to the distribution.

Mackenzie Investments expects to declare the final year-end reinvested distribution amounts for its ETFs on or about Dec. 21, 2023. The record date for these distributions is Dec. 29, 2023. The actual taxable amounts distributed by the ETFs in 2023, including the tax characteristics of these amounts, will be reported to brokers through CDS Clearing and Depository Services Inc. in early 2024.

Details of the estimated per-unit distribution amounts as of Oct. 15, 2023, are provided in an attached table.

About Mackenzie Investments

Mackenzie Investments is a leading investment management firm with $183.3-billion in assets under management as of Oct. 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 Inc., one of Canada's premier financial services companies, with approximately $250-billion in total assets under management and advisement as of Oct. 31, 2023.