Income on your terms
As circumstances change, so do the cash flow needs of investors. With Mackenzie Investments’ Flexible Payout Service (FPS) investors can receive a predictable, customizable and tax-efficient cash flow from their investments.
Here's how it works
Investors select a fund series that pays a regular monthly distribution at a fixed percentage rate (e.g. Series T5). They then choose to receive the cash payout in either:
- A specific dollar amount (e.g., $500/month) or
- At a percentage rate (e.g., 3.5%)
If the amount chosen is less than the regular amount distributed by the fund series, the remaining cash will be automatically reinvested.
Using Mackenzie Investments’ Flexible Payout Service
- Flexible Payout Service can be used in a nominee account, in a Mackenzie Investments-administered non-registered account, and in a Mackenzie Investments-administered TFSA.
- Cash payouts at a rate that exceeds the rate of return on an investment will decrease the value of the investment.
Uncover your needs
Talk to your financial advisor to see how Mackenzie Investments’ Flexible Payout Service can work for you.
Resources
- Flexible Payout Service Application Form (151 KB PDF)
- Flexible Payout Service Eligible Funds List (526 KB PDF)
Mackenzie Institute
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
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The non-payment of dividends in the past does not mean that dividends will not be paid in the future.
This should not be construed as legal, tax or accounting advice. This material has been prepared for information purposes only. The tax information provided in this document is general in nature and each client should consult with their own tax advisor, accountant and lawyer before pursuing any strategy described herein as each client’s individual circumstances are unique. We have endeavored to ensure the accuracy of the information provided at the time that it was written, however, should the information in this document be incorrect or incomplete or should the law or its interpretation change after the date of this document, the advice provided may be incorrect or inappropriate. There should be no expectation that the information will be updated, supplemented or revised whether as a result of new information, changing circumstances, future events or otherwise. We are not responsible for errors contained in this document or to anyone who relies on the information contained in this document. Please consult your own legal and tax advisor.