MSP 2008 Resource LP announces capital gains estimates

TORONTO , Dec. 7 /CNW/ - Mackenzie Financial Corporation ("Mackenzie Investments"), the manager of MSP 2008 Resource LP (the "Partnership"), advises that the Partnership expects to make an allocation of capital gains to its Limited Partners for the 2009 taxation year. Its preliminary estimate of this allocation, which will be made in early 2010, is as follows:

    
           Item                                 Amount per Unit
           ----                                 ---------------
           Capital gains                                  $2.64
    

The Partnership is invested in a diversified portfolio comprised primarily of flow-through shares of resource issuers. In order to maximize total return, the Partnership may sell flow-through shares once the available tax credits and deductions have been received. Because the Income Tax Act deems the cost of such flow-through shares to be nil, the sale of these shares may result in substantial capital gains, which the Partnership allocates to its Limited Partners.

The amount provided above is an estimate calculated as of November 30, 2009 . The actual allocation for the 2009 taxation year, which will be reported on tax slips (CRA form T5013A, or Releve 15 for residents of Quebec ) to be issued to Limited Partners in the spring of 2010, may differ substantially from this estimate.

This estimate has been provided for information purposes only and is not intended to be, nor should it be construed to be, legal or tax advice to any particular Limited Partner. Limited Partners should obtain independent tax advice from their own tax advisors.

Mackenzie Investments: Mackenzie Investments was founded in 1967, and is a leading investment management firm providing investment advisory and related services. With $62.6 billion in assets under management as of November 30, 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 $118 billion in total assets under management as of November 30, 2009 .

To learn more, please contact your financial advisor or visit the MSP website at www.mackenziefinancial.com/msp.

For further information: Jessica Davidson, Environics Communications Inc., [phone], [email protected]