Mackenzie Investments announces results of special meetings of fund investors

TORONTO , Sept. 21 /CNW/ - Mackenzie Financial Corporation ("Mackenzie Investments") announced the results of special meetings held today of investors of the Mackenzie Saxon Funds, Keystone Cundill International Value Class and Mackenzie Cundill International Class.

Investors approved a resolution to merge the following funds into other Mackenzie-sponsored funds, as shown in the table below:

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

All the above mergers are expected to be effective on or about September 25, 2009 .

In addition, investors of selected retail series(1) of Mackenzie Saxon Funds approved a resolution at a special meeting held today to change 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 $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 .

    
    (1) Includes Advisor Series, Investor Series and F-Series securities of
    all remaining Mackenzie Saxon Funds (with the exception of Advisor Series
    of Mackenzie Saxon Balanced Fund). As part of the change in operating
    expense proposal, investors also approved the re-designation of the
    Advisor Series and F- Series of the funds (other than Advisor Series of
    Mackenzie Saxon Balanced Fund) to Series A and Series F respectively. A
    quorum was not present for Mackenzie Saxon Global Small Cap Fund, and as
    such the meeting for that fund has been rescheduled to September 23, 2009
    at Mackenzie's office in Toronto.
    

For further information: Trish Tervit, Environics Communications Inc., [phone], [email protected]