Mackenzie Master Limited Partnership Announces Estimate of Distribution of Partnership Income, Payable on January 17, 2020
December 13, 2019 at 07:30 pm IST
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Mackenzie Financial Corporation, part of IGM Financial Inc. announced that Mackenzie Master Limited Partnership has estimated a distribution of partnership income as the dividend rate was $0.12 per unit. The dividend will be payable on January 17, 2020, with a record date of December 31, 2019. The period of income was from January 1, 2019 to December 31, 2019.
Mackenzie Master Limited Partnership (the Master LP) is a Canada-based company, which is formed by the consolidation of approximately eight Mackenzie Financial Corporation (Mackenzie) retail limited partnerships: Industrial Horizon Partnerships 1987, 1988, 1989, 1990, 1992, 1992-II, 1993 and Mackenzie Limited Partnership 1994 (collectively the Partnerships), each of which arranged for the distribution of redemption charge securities of mutual funds sponsored by Mackenzie. The Master LP invests excess cash in units of Mackenzie Canadian Money Market Fund, a mutual fund managed by Mackenzie. The general partner of the Company is MMLP GP Inc. (the General Partner), a wholly owned subsidiary of Mackenzie Financial Corporation (Mackenzie). The business and affairs of the Master LP are managed by MMLP GP Inc. (the General Partner).