Ms. Hilary Bassett reports

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

Mackenzie Investments has declared the final year-end reinvested distributions for its exchange-traded funds (ETFs) that trade on the Toronto Stock Exchange (TSX) and Cboe Canada for the 2023 tax year. Please note that this is an update to the estimated year-end reinvested distributions previously announced on Nov. 15, 2023.

These are 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 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 distributions will equal the number of units outstanding prior to the distributions.

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 final per-unit distribution amounts are provided in an attached table.

About Mackenzie Investments

Mackenzie Investments is a leading investment management firm with $191.6-billion in assets under management as of Nov. 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 $235-billion in total assets under management as of Nov. 30, 2023.