Mackenzie Investments Announces New Leadership of its Sentinel Investment

Steve Locke and Dan Bastasic to co-lead Mackenzie Sentinel Investment Team

TORONTO, June 4 /CNW/ - Mackenzie Financial Corporation ("Mackenzie Investments") today announced a change in leadership for its Sentinel managed mutual funds. Steve Locke and Dan Bastasic have been appointed co-leaders of Mackenzie Sentinel's six person investment team, effective immediately.

"Both Steve and Dan are respected Portfolio Managers with proven track records in investment research and portfolio management" said Norman Raschkowan, Chief Investment Officer of Mackenzie Financial Corporation.

Steve Locke (MBA, CFA), joined Mackenzie Investments with the acquisition of Saxon Financial in 2008 and he and his colleagues joined the Sentinel investment team at that time. He has 15 years of investment experience managing retail, institutional and high net worth fixed income and money market portfolios. With this appointment, Steve will take over the lead Portfolio Manager responsibilities of a number of Mackenzie retail mutual funds including Mackenzie Sentinel Bond Fund, Mackenzie Sentinel Cash Management Fund, Mackenzie Sentinel Managed Return Class, Mackenzie Sentinel Money Market Fund, Mackenzie Sentinel Real Return Bond Fund, Mackenzie Sentinel Short-Term Government Bond Fund and Mackenzie Sentinel Short-Term Income Fund.

Dan Bastasic (MBA, CFA), joined Mackenzie in 2000. He currently manages income oriented equity, high yield corporate bond and balanced portfolios for Mackenzie's retail investment channel including, the Mackenzie Sentinel Strategic Income Class, Mackenzie Sentinel Registered Strategic Income Fund, Mackenzie Sentinel Corporate Bond Fund, Mackenzie Sentinel North American Corporate Bond Class and Mackenzie Sentinel Registered North American Corporate Bond Fund.

Steve and Dan will replace Chris Kresic in the role of team leader(s) for Sentinel; Chris will be leaving Mackenzie to pursue another opportunity on or about June 25th, 2010.

Steve will focus primarily on core fixed income and money market security research and portfolio management, while Dan will focus on high yield corporate bond and equity income security research and portfolio management.

"Combining the fixed income units of Mackenzie and Saxon has created an investment team under the Sentinel brand with depth and breadth of experience in fixed income, money market, high yield, income trust and other equity income investments," said Charles R. Sims, President and Chief Executive Officer of Mackenzie Financial Corporation.

Mackenzie Investments: Mackenzie Investments was founded in 1967, and is a leading investment management firm providing investment advisory and related services. With $62.4 billion in assets under management as of May 31, 2010, 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 $118 billion in total assets under management as of May 31, 2010.

SOURCE Mackenzie Financial Corporation

For further information: For further information: Trish Tervit, Environics Communications, (416) 969-2809,

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