The Mackenzie Master Limited Partnership (MMLP) is an amalgamation of eight prior limited partnerships.

A Limited Partnership is a business venture that has three key features, which distinguish it from other types of business.

• It is backed by investors, known as limited partners, who are not actively involved in the day-to-day running of the business. A general partner (Mackenzie Financial Services Inc. - MFSI) manages the business and is entitled to 0.01% of the net annual income of the limited partnership.
• The liability, or risk, posed to the investors is limited to the amount that they invested.
• he investors share the profits or losses of the business and report a percentage of the income or loss generated by the business on their own tax return. The limited partners were entitled to large tax write-off during the initial years and a stream of future income.

For answers to frequently asked questions regarding such topics as trading units of the MMLP, lost certificates and Mackenzie contact information, click here.

Wondering how to calculate the adjusted cost base of your MMLP units? For all the relevant information you need to do this calculation, including a distribution history and even an ACB Worksheet, click here.