Mackenzie Investments Announces Name Changes to Several "Series A" Mutual Fund Units



    Series A units of six income-oriented mutual funds become Series T5; new
    Series A introduced without fixed monthly distributions

    TORONTO, March 12 /CNW/ - Mackenzie Financial Corporation (Mackenzie
Investments) today announced a name change to the "Series A" units of several
income-oriented mutual funds. "Series A" units for six Mackenzie mutual funds
will be renamed "Series T5" to better reflect the funds' fixed 5 percent
annualized distribution.
    Effective March 28, 2008, the change will affect the following funds:

    Mackenzie Cundill Global Dividend Fund Series A
    Mackenzie Founders Income & Growth Fund Series A
    Mackenzie Universal Global Infrastructure Fund Series A
    Mackenzie Universal U.S. Dividend Income Fund (Hedged Class) Series A
    Mackenzie Universal U.S. Dividend Income Fund (Unhedged Class) Series A
    Mackenzie Sentinel Diversified Income Fund Series A

    Concurrent to the renaming of the above Series A funds to Series T5,
Mackenzie will introduce a new Series A that has all of the characteristics of
the original Series A, but will not pay a monthly fixed distribution.
    The new Series A will appeal to investors who wish to benefit from the
management expertise and asset classes represented in the fund, but prefer not
to receive a monthly distribution. The new Series A units will only pay
distributions at year end, as necessary to distribute earned interest and
capital gains.
    "There is no question that the market for income-oriented products is
large and growing," says David Feather, president of Mackenzie Financial
Services Inc. "The popularity of these products is a strong indication of that
need. But there is another group of investors who are still accumulating
assets and don't need regular income from their investments that would benefit
from holding one of these leading balanced or conservative equity funds. The
new Series A is ideally suited to that need."

    About Series T

    Mackenzie Series T funds offer steady, tax-efficient cash flow with the
potential for capital appreciation. Regular monthly payments are made in the
form of return of capital, which is tax-deferred. Available on a broad lineup
of Mackenzie funds, Series T5 pays a 5 percent annualized distribution, Series
T6 pays a 6 percent annualized distribution, and Series T8 pays an 8 percent
annualized distribution.

    Mackenzie Investments: Mackenzie Investments was founded in 1967, and is
a leading investment management firm providing investment advisory and related
services. With $60.3 billion in assets under management as of February 29,
2008, 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 $118 billion in total
assets under management as of February 29, 2008.

    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.




For further information:

For further information: Catharine Marion, Environics Communications
Inc., (416) 969-2809, cmarion@environicspr.com


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890