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Press release from CNW Group

Mackenzie Investments announces fund changes

Wednesday, June 27, 2012

Mackenzie Investments announces fund changes10:00 EDT Wednesday, June 27, 2012TORONTO, June 27, 2012 /CNW/ - Mackenzie Financial Corporation (Mackenzie Investments) today proposed the fund changes described below:Fund mergersMackenzie Investments proposes to merge Mackenzie Universal U.S. Dividend Income Fund and Mackenzie Universal U.S. Growth Leaders Class into Mackenzie Universal U.S. Blue Chip Class. These mergers are conditional upon regulatory and investor approval.Full details about the proposed mergers will be outlined in a Management Information Circular and Proxy to be mailed early August to investors of record. A special meeting of investors to consider and vote on the proposed mergers is scheduled for August 27, 2012 at Mackenzie's office in Toronto. If approved, the mergers are expected to be effective on or about September 14, 2012.Other fund changesMackenzie Investments proposes to make changes to two other funds. In respect of Mackenzie Ivy Foreign Equity Class, which offers both an Unhedged Class and a Hedged Class, Mackenzie proposes to reorganize the fund by splitting it into two funds, so that the Unhedged Class will continue as Mackenzie Ivy Foreign Equity Class while the Hedged Class will continue as Mackenzie Ivy Foreign Equity Currency Neutral Class. Similarly, Mackenzie proposes to split Mackenzie Universal American Growth Class, which also offers both an Unhedged Class and a Hedged Class, into two funds, so that the Unhedged Class will continue as Mackenzie Universal American Growth Class while the Hedged Class will continue as Mackenzie Universal American Growth Currency Neutral Class. These changes are conditional upon regulatory and investor approval.In each case, splitting the Unhedged Class and the Hedged Class into two separate funds will create a more efficient structure for the administration of currency hedging for the Hedged Class. Beyond the name change, there will be no other impact on investors of these funds.Full details about the proposed changes will be outlined in a Management Information Circular and Proxy to be mailed early August to investors of record. A special meeting of investors to consider and vote on the proposed changes is scheduled for August 27, 2012 at Mackenzie's office in Toronto. If approved, the changes are expected to be effective at the beginning of October.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 at May 31, 2012, Mackenzie Investments distributes its investment services through multiple distribution channels to both retail and institutional investors. 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 $117 billion in total assets under management as at May 31, 2012. For more information, visit www.mackenziefinancial.com.For further information: Stephen Lee Director, Communications and Media Relations Mackenzie Investments 416-967-2166 slee@mackenziefinancial.com