Mackenzie Investments defers two fund mergers

Mackenzie Investments is deferring two mergers that were first announced in June. The Mackenzie Cundill Recovery Class will merge into the Mackenzie Cundill Value Class, while the Mackenzie Cundill Recovery Fund will merge into the Mackenzie Cundill Value Fund.

The mergers were originally scheduled to occur by July 6, after being approved on June 22, but are now expected to happen within the next 120 days, the firm says in a release.

In the meantime, the portfolio managers of the Cundill Value Fund and Cundill Value Class (Jonathan Norwood and Richard Wong) have been named as the portfolio managers of the Cundill Recovery Class and Cundill Recovery Fund.

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