Mackenzie announces legal entity amalgamation with Saxon Funds Management Ltd.

    TORONTO, Jan. 30 /CNW/ - Mackenzie Financial Corporation ("Mackenzie")
announced that on January 26, 2009, Saxon Fund Management Ltd., the previous
manager of the Saxon Funds, was amalgamated with Mackenzie. As a result of
this change, Mackenzie is now the manager of the Saxon Funds.
    Mackenzie acquired Saxon Financial Inc. and its subsidiaries, including
Saxon Fund Management Ltd., on October 27, 2008.

    Mackenzie Investments: Mackenzie Investments was founded in 1967, and is
a leading investment management firm providing investment advisory and related
services. With $54.7 billion in assets under management as of December 31,
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 $101 billion in total
assets under management as of December 31, 2008.

For further information:

For further information: Catharine Marion, Environics Communications,
(416) 969-2809,

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