An anonymous representative of Mackenzie Investments reports

MACKENZIE INVESTMENTS ANNOUNCES ESTIMATED YEAR-END REINVESTED DISTRIBUTIONS FOR ITS EXCHANGE TRADED FUNDS

Mackenzie Investments has released the estimated year-end reinvested distributions for its exchange-traded funds that trade on the Toronto Stock Exchange and Aequitas NEO Exchange for the 2019 tax year.

Please note that these are estimated amounts only as of Nov. 25, 2019. The actual reinvested distributions may differ materially from these estimates.

These are estimated distributions of undistributed net income and/or capital gains. The distributions will be reinvested in additional units of the respective ETFs and do not include estimates of continuing monthly, quarterly, semi-annual or annual cash distribution amounts. The additional units will be immediately consolidated with the units previously outstanding, so that the number of units outstanding following the distribution will equal the number of units outstanding prior to the distribution.

Mackenzie Investments expects to announce the final year-end reinvested distribution amounts for its ETFs on or about Dec. 23, 2019. The record date for these distributions is Dec. 31, 2019. The actual taxable amounts distributed by the ETFs in 2019, including the tax characteristics of these amounts, will be reported to brokers through CDS Clearing and Depository Services Inc. in early 2020.

Details of the estimated per-unit distribution amounts are shown in the included table

                                                                         Estimated
                                                                          year-end
                                                                        reinvested
                                                              Ticker  distribution
Mackenzie ETF                                                 symbol      per unit      CUSIP          ISIN  Exchange

Mackenzie Core Plus Global Fixed Income ETF                      MGB       0.00000  55452P101  CA55452P1018       TSX
Mackenzie Unconstrained Bond ETF                                 MUB       0.00000  55454N104  CA55454N1042       TSX
Mackenzie Floating Rate Income ETF                               MFT       0.00000  55453X103  CA55453X1033       TSX
Mackenzie Core Plus Canadian Fixed Income ETF                    MKB       0.04268  55452R107  CA55452R1073       TSX
Mackenzie Maximum Diversification Canada Index ETF               MKC       0.19814  55453L109  CA55453L1094       TSX
Mackenzie Maximum Diversification U.S. Index ETF                 MUS       0.00000  55453M107  CA55453M1077       TSX
Mackenzie Maximum Diversification Developed Europe Index ETF     MEU       0.00000  55453P100  CA55453P1009       TSX
Mackenzie Maximum Diversification
All World Developed Index ETF                                    MWD       0.00000  55453N105  CA55453N1050       TSX
Mackenzie Maximum Diversification Emerging Markets Index ETF     MEE       0.00000  55453Q108  CA55453Q1081       TSX
Mackenzie Maximum Diversification All World
Developed ex North America Index ETF                             MXU       0.00000  55454L108  CA55454L1085       TSX
Mackenzie Global High Yield Fixed Income ETF                    MHYB       0.00000  55454M106   CA5545M1068       NEO
Mackenzie Global Leadership Impact ETF                          MWMN       0.00000  55455D105  CA55455D1050       NEO
Mackenzie Portfolio Completion ETF                              MPCF       0.00000  55454D106  CA55454D1069       TSX
Mackenzie Ivy Global Equity ETF                                 MIVG       0.22001  55454E104  CA55454E1043       TSX
Mackenzie Canadian Short Term Fixed Income ETF                  MCSB       0.00217  55452Q109  CA55452Q1090       TSX
Mackenzie China A- Shares CSI 300 Index ETF                      QCH       0.00000  55454U108  CA55454U1084       NEO
Mackenzie Canadian Large Cap Equity Index ETF                    QCE       0.00000  55454W104  CA55454W1041       TSX
Mackenzie Canadian Equity Index ETF                              QCN       0.00000  55453U109  CA55453U1093       TSX
Mackenzie U.S. Large Cap Equity Index ETF                        QUU       0.00000  55454T101  CA55454T1012       TSX
Mackenzie U.S. Large Cap Equity Index ETF (CAD-Hedged)           QAH       0.00000  55455M105  CA55455M1059       TSX
Mackenzie International Equity Index ETF                         QDX       0.00000  55455T100  CA55455T1003       TSX
Mackenzie International Equity Index ETF (CAD-Hedged)           QDXH       1.86821  55455Y109  CA55455Y1097       TSX
Mackenzie Canadian Aggregate Bond Index ETF                      QBB       0.84253  55452S105  CA55452S1056       TSX
Mackenzie Canadian Short-Term Bond Index ETF                     QSB       1.29848  55453K101  CA55453K1012       TSX
Mackenzie Canadian All Corporate Bond Index ETF                  QCB       1.01760  55454A102  CA55454A1021       NEO
Mackenzie U.S. TIPS Index ETF (CAD- Hedged)                     QTIP       0.00000  55456B108  CA55456B1085       NEO
Mackenzie U.S. Investment Grade
Corporate Bond Index ETF (CAD-Hedged)                           QUIG       0.00000  55455H106  CA55455H1064       TSX
Mackenzie U.S. High Yield Bond Index ETF (CAD-Hedged)            QHY       0.00000  55455K109  CA55455K1093       TSX
Mackenzie Emerging Markets Local Currency Bond Index ETF        QEBL       0.00000  55455J102  CA55455J1021       TSX
Mackenzie Emerging Markets Bond Index ETF (CAD-Hedged)          QEBH       0.00000  55454J103  CA55455J1030       TSX