Mackenzie Investments announces proposal for a Sentinel high income balanced

    Mackenzie Sentinel Income Trust Fund investors to vote on changes to
    investment objectives

TORONTO, Sept. 14 /CNW/ - Mackenzie Financial Corporation (Mackenzie Investments), part of IGM Financial Inc. (TSX:IGM), today announced a proposal to change the investment objectives of Mackenzie Sentinel Income Trust Fund such that the fund will adopt a high income balanced mandate.

A special meeting of Mackenzie Sentinel Income Trust Fund unitholders to vote on the proposed change will be held on October 26, 2009 at Mackenzie's offices in Toronto.

Full details about the proposed change to investment objectives will be outlined in a Management Information Circular that will be sent in early October to all investors of record in the fund. Prospective investors may obtain these materials from Mackenzie Investments prior to the meeting. If approved, the changes will be effective on October 30, 2009 and the fund will be renamed Mackenzie Sentinel Registered High Income Balanced Fund.

Fund to offer income, flexible mandate and proven investment management

If the change to investment objectives is approved by investors, Mackenzie Sentinel Registered High Income Balanced Fund will be a strategic balanced fund that may invest in fixed income and/or income-oriented equity securities. Lead manager Dan Bastasic will be free to modify the asset allocation according to changing market and economic conditions to take advantage of investment opportunities throughout the business cycle. Bastasic will actively seek income by investing across a broad range of yield-oriented asset classes, including dividend paying equities, income trusts, corporate bonds, convertible bonds and government bonds.

Dan Bastasic is lead manager of the highly successful Mackenzie Sentinel Corporate Bond Fund, which has outperformed its peer group. He is also lead manager of Mackenzie Sentinel North American Corporate Bond Class and Mackenzie Sentinel Registered North American Corporate Bond Fund introduced earlier this year, and co-manager of Mackenzie Sentinel Diversified Income Fund and Mackenzie Universal Global Infrastructure Fund.

Mackenzie Investments: Mackenzie Investments was founded in 1967, and is a leading investment management firm providing investment advisory and related services. With $60.2 billion in assets under management as of August 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 $114 billion in total assets under management as of August 31, 2009.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mackenzie Sentinel Corporate Bond Fund performance: YTD 21.9%; 1 yr. 1.1%; 3 yr. 1.6%; 5 yr. 3.5%, since merger 4.8%. On November 3, 2000, the Fund acquired the assets of another Mackenzie-sponsored fund in a merger that was considered a material change for the Fund. Therefore, the Fund's performance is provided from the date of the merger rather than its inception, as required under applicable securities laws. The indicated rates of return are the historical annual compounded total returns as of August 31, 2009 including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

SOURCE Mackenzie Financial Corporation

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

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