Mackenzie Master Limited Partnership
0.54
CAD
0.00
(0.00%)
ISIN
CA5549051095
CUSIP
554905109
Return %
Stock
S&P 500
1Y
-6.90
14.20
3Y
38.46
81.12
5Y
-37.93
68.34
Capital Structure
CAD
•
in mil. unless spec.Working Capital
CAD
•
in mil. unless spec.Growth Rates
CAD
•
in mil. unless spec.Semi-annual Revenue
CAD
•
in mil. unless spec.Semi-annual Earnings Per Share
CAD
•
in mil. unless spec.Semi-annual Dividends Per Share
CAD
•
in mil. unless spec.Company Description
- CEO
- J. Luke Gould
- Full Time Employees
- - -
- Sector
- Miscellaneous
- Industry
- Investment trusts
- Address
- 180 Queen Street West Toronto ON Canada M5V 3K1
- IPO Date
- Jun 30, 1995
- Website
- mackenzieinvestments.com
- Similar Companies
- Business
- Mackenzie Master Limited Partnership (MKZ-UN.TO) operates as a limited partnership that receives distributor fees on redemption charge securities of select Mackenzie-sponsored mutual funds; it invests excess cash in units of Mackenzie Canadian Money Market Fund. The partnership consolidates revenues from original charge securities, exchange securities issued on reinvestment of redemption proceeds without charges, and reinvested securities from income and capital gains distributions across Mackenzie funds. Headquartered at 180 Queen Street West, Toronto, Ontario, Canada, it was formed on February 15, 1995, under Ontario's Limited Partnerships Act, with units listed on the Toronto Stock Exchange since June 30, 1995; MMLP GP Inc., a wholly owned subsidiary of Mackenzie Financial Corporation, serves as its general partner and manages operations. The partnership generates revenue solely from daily distributor fees calculated as a percentage of the net asset value of outstanding Distributed Securities, with no redemption fees collected since December 31, 2001, following the expiration of charge periods; recent redemption rates for these securities averaged 14-16% annually through 2024. Distributions to limited partners have declined gradually from $0.085 per unit in 2022 to $0.079 per unit in 2024 (paid January 2025), reflecting lower asset values amid market conditions and ongoing redemptions. As revenue diminishes, the general partner continues to assess the economic viability of the Master LP's ongoing operations. Mackenzie Master Limited Partnership focuses exclusively on Canadian operations within the investment trusts/mutual funds segment of corporate financial services, targeting financial advisors and investors holding legacy Mackenzie mutual fund securities. It maintains no subsidiaries and reports no recent partnerships, acquisitions, funding rounds, product launches, strategic expansions, or reorganizations; its most recent material development comprises the audited financial results for the year ended December 31, 2024, announced March 21, 2025, alongside standard annual income distributions. The partnership qualifies as a specified investment flow-through entity under Canadian tax rules, distributing after-tax net income primarily as eligible dividends to its approximately 6.26 million outstanding units.