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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest reported) MAY 1, 2000
MACKENZIE INVESTMENT MANAGEMENT INC.
(Exact name of registrant as specified in its chapter)
DELAWARE 000-17994 59-2522153
(State or other jurisdiction (Commission (IRS Employer
of incorporation File Number) Identification No.)
700 SOUTH FEDERAL HIGHWAY, SUITE 300
BOCA RATON, FL 33432
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (561) 393-8900
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(Former name or former address, if changed since last report)
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
MACKENZIE INVESTMENT MANAGEMENT INC.
(Registrant)
Date 5/1/2000 /s/ BEVERLY YANOWITCH
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Beverly Yanowitch
Vice President and Chief Financial Officer
EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
99.1 Press release dated May 1, 2000
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PR CONTACT: Kelly Fitzpatrick, Thompson Becker International-- (508) 698-0448
COMPANY CONTACT: E. Lance Vetter, Ivy Mackenzie-- (561) 393-8900
FOR IMMEDIATE RELEASE
IVY FUNDS HIRES HIGHLY RESPECTED SHERIDAN REILLY AS MANAGER AND WILL
REOPEN IVY INTERNATIONAL FUND
BOCA RATON, FL -- MAY 1, 2000 -- Mackenzie Investment Management Inc. (Ivy
Mackenzie) announced today that Sheridan Reilly has joined the company as a
portfolio manager and that the company will reopen Ivy International Fund to
new investors.
Sheridan Reilly will serve as Senior Vice President and Chief Investment
Officer - International Equities of Ivy Management, Inc., investment advisor to
the Ivy Funds. Reilly joins Ivy Mackenzie from Scudder Kemper Investments where
he served as head of the institutional international equities team. He managed
the Scudder International Growth and Income Fund, the Kemper International
Growth and Income Fund and the AARP International Stock Fund. In addition he
was part of the team that managed the Scudder International Fund.
"At Ivy Mackenzie, our International Equities team believes in providing our
shareholders with access to the best investment opportunities worldwide and we
are pleased to have Sheridan lead that team. Sheridan's background, investment
philosophy and strong institutional performance record is exceptional and we
are excited to have him on board, " said Keith J. Carlson, president and chief
executive officer of Ivy Mackenzie.
Ivy, a well-regarded fund complex, manages its clients' assets with a worldwide
perspective and by taking advantage of its in-depth knowledge of diverse
investment opportunities around the world. Ivy's experienced professionals
select from both domestic and international securities markets and manage with
a discipline that embraces the world.
"The Ivy team offers shareholders a worldwide investment platform with exciting
investment opportunities. I am honored to join this group of professionals. We
will focus on bottom-up stock selection to build a portfolio with
characteristics that we believe are better than the overall market," said
Reilly. Helped by consistently demonstrating a more rational buy/sell behavior
than the market and making use of intensive fundamental field research, Reilly
has outperformed international indexes over the past one, three and five years.
Hakan Castegren, who has managed the Ivy International Fund since its inception
in 1986, has resigned from the account. "We wish him the best," said Carlson.
Ivy Funds is a mutual fund complex headquartered in Boca Raton, Florida with
approximately $7
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billion in assets under management for individual and institutional investors.
The firm has been distributing mutual funds in the U.S. for more than four
decades. With its worldwide perspective, Ivy's 19 US-based mutual funds provide
portfolio diversification--from core growth and value to more specialized funds
that permit investors to participate in some of the fastest growing sectors and
regions of the world. Ivy's portfolio management teams work together from their
offices in Asia, Europe and North America to identify what they believe to be
the best investment opportunities worldwide. Ivy Funds are advised by Mackenzie
Investment Management Inc., are distributed by Ivy Mackenzie Distributors, Inc.
and are available through financial advisors and the major fund supermarkets.
Ivy Mackenzie is a majority-owned subsidiary of Mackenzie Financial Corporation
(TSE and ME: MKF; NASDAQ, NM: MKFCF).
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