MACKENZIE MUTUAL FUNDS CLASS ACTION REGARDING TRAILING COMMISSIONS PAID TO DISCOUNT BROKERS
NOTICE OF CERTIFICATION AND OPT-OUT DEADLINE
HAVE YOU HELD UNITS OR SHARES OF A MACKENZIE MUTUAL FUND THROUGH A DISCOUNT BROKER?
LONDON, ON, March 4, 2024 /CNW/ - The Superior Court of Justice of Ontario has certified a class action which permits a defined group of investors (the "Class") to pursue claims against Mackenzie Financial Corporation and Mackenzie Financial Capital Corporation ("Defendants"). It is alleged that the Defendants paid excessive, inflated, and/or unearned trailing commissions to Discount Brokers out of the assets of the Mackenzie Mutual Fund trusts. The class action claims monetary damages on behalf of the Class. The allegations made in the class action have not been proven and are contested by the Defendants.
If you wish to participate in the class action, DO NOTHING.
If you do not wish to participate in the class action, be bound by or receive any benefits from it, you must opt out by sending the opt-out form to RicePoint Administration Inc. by June 2, 2024.
To obtain a copy of the opt-out form or for other important information regarding the class action:
Boston Consulting Group (BCG) today released its Annual Sustainability Report: From Bold Ideas to Exponential Impact. The report showcases the firm's work throughout 2023 to find the most valuable, sustainable, and innovative solutions to pressing...
The Riverside Company, a global private investor focused on the smaller end of the middle market, has closed the acquisition of Arbeidsmiljø og Energiteknikk AS (AET), a Norwegian distributor of third-party consumables and laboratory / cleaning...
COEUS Solutions, a leading provider of innovative technologies and services in the life sciences industry, today announces its rebranding to BridgeView Life Sciences ("BridgeView") following a recent spinoff from its former parent company. This marks...
ILoveLeasing, the pioneering CRM AI solution by Spherexx, has been recognized as one of the standout innovators at the prestigious 28th Webby Awards. Selected as one of the top three Honorees in its category, ILoveLeasing shines amidst a global pool...
AIP Realty Trust (the "Trust" or "AIP") today announces as part of its preparation to execute its forward plan, that it has completed an issuance of 1,500,000 Class A Trust Units (each, a "Unit") at a deemed issue price of US$0.50 per Unit in...
Hong Kong Exchanges and Clearing Limited (HKEX) is pleased to welcome the listing of Asia's first Spot Virtual Asset (VA) ETFs on 30 April (Hong Kong time), adding to the diversity of products in Hong Kong's markets and further supporting the city's...