Mackenzie announces changes to mutual fund product line up

    TORONTO, April 2 /CNW/ - Mackenzie Financial Corporation (Mackenzie
Investments) today announced proposed changes to its mutual fund product
lineup. The changes are being made for reasons that include lower fees for
investors, increased prospects for performance, greater tax efficiency and/or
to provide a more efficient lineup.

    Fund Mergers

    Mackenzie proposes to merge the following funds into other Mackenzie

    Merging fund                               Continuing fund
    Mackenzie Universal Canadian Value Fund    Mackenzie Universal Canadian
                                               Value Class
    Mackenzie Universal Global Property        Mackenzie Universal World
    Income Fund                                Real Estate Class
    Mackenzie Putnam Global Equity Fund        Mackenzie Ivy Foreign Equity
    Keystone Saxon Smaller Companies Fund      Saxon Small Cap
    Keystone Sceptre Canadian Large Cap Fund   Mackenzie Maxxum Canadian
                                               Equity Growth Fund
    Keystone Sceptre Canadian Small Cap Fund   Mackenzie Ivy Enterprise Fund
    Keystone Bissett Canadian Equity Fund      Saxon Stock Fund

    The mergers are conditional upon investor and other approvals. Special
meetings of investors of the merging funds to consider and vote on the
proposed mergers are scheduled for June 1, 2009 at Mackenzie's head office in
    To effect these changes, investors will receive securities of the
continuing funds in exchange for units of the merging funds. Fees will be the
same or lower than those for the securities of the merging fund.
    Full details about the proposed mergers will be outlined in Management
Information Circulars that will be sent in May to all investors of record in
the merging funds. Prospective investors may obtain these materials from
Mackenzie prior to the meeting. If approved, the mergers are expected to be
effective in June 2009.

    Portfolio sub-advisor changes

    Mackenzie plans to make the following changes to portfolio sub-advisors
effective April 30, 2009:

    Mackenzie Universal World Science & Technology Class:
    Mackenzie's Ian Ainsworth, Senior Vice President, will be appointed lead
manager of Mackenzie Universal World Science & Technology Class.

    Keystone Templeton International Stock Class:
    Mackenzie Cundill Investment Management Ltd. will be appointed
sub-advisor of Keystone Templeton International Stock Class. Upon completion
of the change of sub-advisor, Keystone Templeton International Class will be
renamed Keystone Cundill International Value Class.

    Symmetry Equity Class and Symmetry Registered Fixed Income Pool:
    Changes are being made to the roster of sub-advisors on the multi-manager
Symmetry Equity Class and Symmetry Registered Fixed Income Pool, with some
managers being replaced and others assuming additional responsibilities.
Investments in the Symmetry Equity Class are being reallocated amongst
sub-advisors. Mackenzie Cundill is assuming an international value oriented
equity mandate. In addition, Howson Tattersall Investment Counsel Ltd. is
being appointed sub-advisor within the Canadian equity and small-cap equity
segments of the Fund. Symmetry Registered Fixed Income Pool is being
reallocated amongst existing sub-advisors Goodman & Co. and Mackenzie
    Full details about these changes will be available shortly in amendments
to the Funds' Simplified Prospectus and Annual Information Form at or at
    The proposed mergers and portfolio sub-advisor changes have been reviewed
by the Funds' Independent Review Committee.

    Mackenzie Universal Emerging Technologies Class change of investment
    In addition, investors in the Mackenzie Universal Emerging Technologies
Class will be sent a Management Information Circular proposing a change of
investment objectives such that its mandate will be broadened to include a
wider range of science and technology-related sub-sectors. The change will
provide the fund improved flexibility, and the ability to capitalize on a
wider range of investment opportunities as they arise from time to time.
Concurrent with the mandate change, the fund will be renamed. A special
meeting is scheduled for June 1, 2009 at Mackenzie's head office in Toronto.
If approved, the change is expected to be effective in June 2009.

    Mackenzie Investments: Mackenzie Investments was founded in 1967, and is
a leading investment management firm providing investment advisory and related
services. With $52.6 billion in assets under management as of March 31, 2009,
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 $98 billion in total
assets under management as of March 31, 2009.

For further information:

For further information: Trish Tervit, Environics Communications, (416)

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