Mackenzie Investments announces proposed changes to certain funds

    TORONTO, June 24 /CNW/ - Mackenzie Financial Corporation ("Mackenzie
Investments") today announced proposed changes to its mutual fund product

    Fund mergers

    Mackenzie Investments proposes to merge the following funds into other
Mackenzie funds with similar mandates:

    Merging Fund                                  Continuing Fund
    Mackenzie Saxon Money Market Fund             Mackenzie Sentinel Money
                                                  Market Fund
    Mackenzie Saxon Bond Fund                     Mackenzie Sentinel Bond
    Keystone Cundill International Value Class    Mackenzie Cundill
                                                  International Class

    The mergers are conditional upon investor and other approvals. Special
meetings of investors of the merging Funds and of Mackenzie Cundill
International Class to consider and vote on the proposed mergers are scheduled
for September 21, 2009 at Mackenzie's office in Toronto.
    To effect these changes, investors will receive securities of the
continuing funds in exchange for securities of the merging funds.
    Full details about the proposed mergers will be outlined in Management
Information Circulars that will be sent in late August to all investors of
record in the merging funds. Prospective investors may obtain these materials
from Mackenzie Investments prior to the meeting. If approved, the mergers are
expected to be effective in late September 2009.

    Proposal to implement fixed rate administration fees for Mackenzie Saxon

    Special meetings for investors of selected retail series(1) of prospectus
offered Mackenzie Saxon Funds will be held on or about September 21, 2009 to
consider and vote on a proposed change to the method of charging operating
expenses, such that the funds will adopt the fixed rate administration fee
structure utilized by the Mackenzie family of mutual funds.
    The Saxon Funds (now known as Mackenzie Saxon Funds) were acquired in
September 2008.

    Mackenzie Investments: Mackenzie Investments was founded in 1967, and is
a leading investment management firm providing investment advisory and related
services. With $57.8 billion in assets under management as of May 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 $108 billion in total
assets under management as of May 31, 2009.

    (1) includes Advisor Series of all Mackenzie Saxon Funds (with the
        exception of Mackenzie Saxon Balanced Fund), Investor Series and F-
        Series securities; excludes securities of Mackenzie Saxon Bond Fund
        and Mackenzie Saxon Money Market Fund as well as B-Series securities.

For further information:

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

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