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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b)(c), AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
(Amendment No. )(1)
Mackenzie Financial Corporation
(Name of Issuer)
Common Stock
(Title of Class of Securities)
55453110
(CUSIP Number)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[_] Rule 13d-1(b)
[x] Rule 13d-1(c)
[_] Rule 13d-1(d)
- ----------
(1) The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
(SC13G-07/98)
<PAGE>
CUSIP No. 55453110 13G Page 2 of 8 Pages
________________________________________________________________________________
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
AIC Limited
________________________________________________________________________________
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [x]
________________________________________________________________________________
3. SEC USE ONLY
________________________________________________________________________________
4. CITIZENSHIP OR PLACE OF ORGANIZATION
AIC Limited - Incorporated under the laws of Ontario, Canada
________________________________________________________________________________
NUMBER OF 5. SOLE VOTING POWER
SHARES 3,462,100
_________________________________________________________________
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 27,931,280*
_________________________________________________________________
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 3,462,100
_________________________________________________________________
PERSON 8. SHARED DISPOSITIVE POWER
WITH 27,931,280*
________________________________________________________________________________
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
27,931,280*
________________________________________________________________________________
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
Not Applicable [_]
________________________________________________________________________________
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
21.9% of the outstanding common shares
________________________________________________________________________________
12. TYPE OF REPORTING PERSON*
IA
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
* See item 2(a) of this filing
<PAGE>
CUSIP No. 55453110 13G Page 3 of 8 Pages
________________________________________________________________________________
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
AIC Advantage Fund
________________________________________________________________________________
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [x]
________________________________________________________________________________
3. SEC USE ONLY
________________________________________________________________________________
4. CITIZENSHIP OR PLACE OF ORGANIZATION
AIC Advantage Fund - mutual fund trust organized under the laws of
Ontario, Canada
________________________________________________________________________________
NUMBER OF 5. SOLE VOTING POWER
SHARES Nil
_________________________________________________________________
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 11,886,780*
_________________________________________________________________
EACH 7. SOLE DISPOSITIVE POWER
REPORTING Nil
_________________________________________________________________
PERSON 8. SHARED DISPOSITIVE POWER
WITH 11,886,780*
________________________________________________________________________________
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,886,780*
________________________________________________________________________________
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
Not applicable [_]
________________________________________________________________________________
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.3% of the outstanding common shares
________________________________________________________________________________
12. TYPE OF REPORTING PERSON*
IV
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
*See item 2(a) of this filing
<PAGE>
CUSIP No. 55453110 13G Page 4 of 8 Pages
________________________________________________________________________________
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
AIC Advantage Fund II
________________________________________________________________________________
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [x]
________________________________________________________________________________
3. SEC USE ONLY
________________________________________________________________________________
4. CITIZENSHIP OR PLACE OF ORGANIZATION
AIC Advantage Fund II - mutual fund trust organized under the laws of
Ontario, Canada
________________________________________________________________________________
NUMBER OF 5. SOLE VOTING POWER
SHARES Nil
_________________________________________________________________
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 12,544,400*
_________________________________________________________________
EACH 7. SOLE DISPOSITIVE POWER
REPORTING Nil
_________________________________________________________________
PERSON 8. SHARED DISPOSITIVE POWER
WITH 12,544,400*
________________________________________________________________________________
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
12,544,400*
________________________________________________________________________________
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
Not Applicable [_]
________________________________________________________________________________
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.9% of outstanding common shares
________________________________________________________________________________
12. TYPE OF REPORTING PERSON*
IV
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
*See item 2(a) of this filing
<PAGE>
CUSIP No. 55453110 13G Page 5 of 8 Pages
________________________________________________________________________________
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Michael Lee-Chin
________________________________________________________________________________
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [_]
________________________________________________________________________________
3. SEC USE ONLY
________________________________________________________________________________
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Michael Lee-Chin - Canadian
________________________________________________________________________________
NUMBER OF 5. SOLE VOTING POWER
SHARES Nil
_________________________________________________________________
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 27,931,280*
_________________________________________________________________
EACH 7. SOLE DISPOSITIVE POWER
REPORTING Nil
_________________________________________________________________
PERSON 8. SHARED DISPOSITIVE POWER
WITH 27,931,280*
________________________________________________________________________________
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
27,931,280*
________________________________________________________________________________
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
Not Applicable [_]
________________________________________________________________________________
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
21.9% of outstanding common shares
________________________________________________________________________________
12. TYPE OF REPORTING PERSON*
IN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. 55453110 13G Page 6 of 8 Pages
________________________________________________________________________________
Item 1(a). Name of Issuer:
Mackenzie Financial Corporation
________________________________________________________________________________
Item 1(b). Address of Issuer's Principal Executive Offices:
150 Bloor Street, Ste M111, Ontario, Canada
________________________________________________________________________________
Item 2(a). Name of Person Filing:
AIC Limited ("AIC") a corporation incorporated under the laws of Ontario
is the portfolio manager of certain accounts, the manager and trustee
of certain mutual funds in Ontario and the sub-advisor of certain mutual
funds in Ontario(collectively the "Managed Portfolios") which are owners
of record of the securities covered by this report.
AIC is qualified to act as an investment adviser to the Managed Portfolios
in Ontario, Canada pursuant to a registration under the Securities Act
(Ontario). Michael Lee-Chin owns approximately 90% of the voting equity
securities of AIC and consequently he may be deemed to have the power to
exercise control over AIC and may be deemed to have the power to exercise
or direct the exercise of such voting and/or dispositive power that AIC may
have with respect to the securities held by the Managed Portfolios,
and may be deemed to be a beneficial holder of the securities held by the
Managed Portfolios.
________________________________________________________________________________
Item 2(b). Address of Principal Business Office, or if None, Residence:
1375 Kerns Road, Burlington, Ontario, Canada L7R 4X8
________________________________________________________________________________
Item 2(c). Citizenship:
AIC Limited - Incorporated under the laws of Ontario, Canada
Managed Portfolios - certain mutual fund trusts organized under the laws of
Ontario, Canada and certain managed accounts
Michael Lee-Chin - Canadian
________________________________________________________________________________
Item 2(d). Title of Class of Securities:
Common Shares
________________________________________________________________________________
Item 2(e). CUSIP Number:
55453110
________________________________________________________________________________
Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b)
or (c), Check Whether the Person Filing is a:
(a) [_] Broker or dealer registered under Section 15 of the Exchange Act.
(b) [_] Bank as defined in Section 3(a)(6) of the Exchange Act.
(c) [_] Insurance company as defined in Section 3(a)(19) of the Exchange
Act.
(d) [_] Investment company registered under Section 8 of the Investment
Company Act.
(e) [_] An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);
(f) [_] An employee benefit plan or endowment fund in accordance with
Rule 13d-1(b)(1)(ii)(F);
(g) [_] A parent holding company or control person in accordance with
Rule 13d-1(b)(1)(ii)(G);
(h) [_] A savings association as defined in Section 3(b) of the Federal
Deposit Insurance Act;
(i) [_] A church plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the Investment
Company Act;
(j) [_] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to Rule 13d-1(c), check this box. [x]
<PAGE>
CUSIP No. 554553110 13G Page 7 of 8 Pages
Item 4. Ownership.
Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.
(a) Amount beneficially owned: 27,931,280
(b) Percent of class: 21.9%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: Nil,
(ii) Shared power to vote or to direct the vote: 27,931,280*
(iii) Sole power to dispose or to direct the disposition of: Nil,
(iv) Shared power to dispose or to direct the disposition of:
27,931,280*
* See item 2(a)
________________________________________________________________________________
Item 5. Ownership of Five Percent or Less of a Class.
Inapplicable
________________________________________________________________________________
Item 6. Ownership of More Than Five Percent on Behalf of Another Person.
Inapplicable
_______________________________________________________________________________
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on by the Parent Holding Company.
Inapplicable
________________________________________________________________________________
Item 8. Identification and Classification of Members of the Group.
Inapplicable
________________________________________________________________________________
Item 9. Notice of Dissolution of Group.
Inapplicable
________________________________________________________________________________
Item 10. Certifications.
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not
held for the purpose of or with the effect of changing or influencing
the control of the issuer of the securities and were not acquired and
are not held in connection with or as a participant in any transaction
having such purpose or effect.
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
AIC LIMITED
By /s/Michael Lee-Chin
Michael Lee-Chin, CEO 11/17/99
(Date)
AIC LIMITED as trustee
For the AIC ADVANTAGE FUND
By /s/Michael Lee-Chin
Michael Lee-Chin, CEO 11/17/99
(Date)
AIC LIMITED as trustee
For the AIC ADVANTAGE FUND II
By /s/Michael Lee-Chin
Michael Lee-Chin, CEO 11/17/99
(Date)
MICHAEL LEE-CHIN
By /s/Michael Lee-Chin
Michael Lee-Chin, CEO 11/17/99
(Date)
Attention. Intentional misstatements or omissions of fact constitute federal
criminal violations (see 18 U.S.C. 1001).
JOINT FILING AGREEMENT
The persons named below agree to the joint filing on behalf of each of them of
a Statement on Schedule 13G (including amendments thereto) with respect to the
Common Shares of Mackenzie Financial Corporation and further agree that this
Joint Filing Agreement be included as an Exhibit to such joint filings. In
evidence thereof, the undersigned hereby execute this Agreement as of the 17th
day of November, 1999.
AIC LIMITED
By /s/Michael Lee-Chin
Michael Lee-Chin, CEO
AIC LIMITED as trustee for the
AIC ADVANTAGE FUND
By /s/Michael Lee-Chin
Michael Lee-Chin, CEO
AIC LIMITED as trustee for the
AIC ADVANTAGE FUND II
By /s/Michael Lee-Chin
Michael Lee-Chin, CEO
MICHAEL LEE-CHIN
By /s/Michael Lee-Chin
Michael Lee-Chin
