Mackenzie announces merger and mandate changes to Universal global funds



    TORONTO, June 12 /CNW/ - Mackenzie Financial Corporation (Mackenzie
Investments) today announced its intention to call special meetings for
investors in Mackenzie Universal World Growth RRSP Fund, Mackenzie Universal
Global Future Class, and Mackenzie Universal Growth Trends Class. The meetings
are scheduled for August 15, 2007.

    Universal World Growth RRSP Fund name and mandate to be changed

    The purpose of the meeting for Mackenzie Universal World Growth RRSP Fund
will be to consider a change in the Fund's objectives and strategies. Under
the proposal, the Fund, which currently uses derivatives to invest in global
equities, will become a global dividend fund with Series A units offering a
fixed monthly distribution, at an annual rate of five per cent of the Fund's
Net Asset Value Per Unit, which will be reset annually. The Fund will also
offer Series T units, which are suitable as tax efficient alternatives for
individuals seeking to draw higher levels of income from their investments.
    If the change of objective is approved, Mackenzie intends to appoint the
Vancouver-based Cundill investment team as the new portfolio managers, and
rename the fund Mackenzie Cundill Global Dividend Fund. The Fund's investment
style will be consistent with Cundill's deep value style of investing and be
suitable for investors seeking steady, current income and long-term capital
growth potential.
    "If the proposal is approved, Mackenzie Cundill Global Dividend Fund will
be a tremendous option for investors looking for income from a global
portfolio," said David Feather, president of Mackenzie Financial Services Inc.
"Cundill's conservative investment style, honed over 30 years, will be put to
good use managing a global dividend fund. With preservation of capital as
their hallmark, Cundill managers search the globe for true value
opportunities."

    Universal Growth Trends Class to merge into Universal Global Future Class

    The purpose of the meetings for shareholders of these funds will be to
consider a merger of Mackenzie Universal Growth Trends Class into Mackenzie
Universal Global Future Class. Both funds are global equity funds that are
managed with a growth style and that seek to identify themes/trends of
companies and/or sectors that are believed to offer the highest growth
potential. Both funds are suitable for medium to long-term investors with a
moderate tolerance for risk.
    If the merger proceeds, Mackenzie's Mark Grammer will continue on as lead
manager of the merged Mackenzie Universal Global Future Class. Since Grammer
assumed portfolio management of Mackenzie Universal Global Future Class in
September 2003, the Fund has outperformed Mackenzie Universal Growth Trends
Class.
    If the merger is approved, investors in Series A, F and I of Mackenzie
Universal Growth Trends Class will benefit, as the management fee rate for
Mackenzie Universal Global Future Class is lower by 0.25 per cent (25 basis
points).
    The changes to Mackenzie Universal World Growth RRSP Fund, Mackenzie
Universal Growth Trends Class and Mackenzie Universal Global Future Class are
conditional upon investor approval and any other applicable approvals. Full
details of the changes will be outlined in a Management Information Circular
and Proxy materials, which will be sent to all investors of record in these
funds on July 9, 2007. Prospective investors may obtain this information from
Mackenzie prior to the meetings.

    Mackenzie Investments: Mackenzie Investments was founded in 1967, and is
a leading investment management firm providing investment advisory and related
services. With $65.0 billion in assets under management, Mackenzie Investments
distributes its services through a diversified network of third-party
financial advisors. Mackenzie Investments is a member of the IGM Financial
Inc. (TSX: IGM) group of companies. IGM Financial is one of Canada's premier
financial services companies with over $126 billion in total assets under
management.





For further information:

For further information: Catharine Marion or Mike Langdon, Environics
Communications, cmarion@environicspr.com, mlangdon@environicspr.com, (416)
969-2809, (416) 969-2820


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