PRESS RELEASES

Mackenzie Investments Introduces Destination+ Funds

Mackenzie Investments today announced the launch of Mackenzie Destination+ Funds, a new product line specially designed for investors saving for a specific goal such as retirement, a home or vacation property, a child’s post-secondary education, or any other significant life event.

An innovative solution that’s easy to use, an investor simply selects the Mackenzie Destination+ Fund with the maturity date that most closely matches the year they will access their funds. Three convenient maturity options are available: Mackenzie Destination+ 2015 Fund, Mackenzie Destination+ 2020 Fund and Mackenzie Destination+ 2025 Fund.

“Mackenzie Destination+ Funds help investors plan for future events with confidence,” says David Feather, president, Mackenzie Financial Services Inc. “Once an investor chooses the destination date that is closest to his or her financial goal, we take it from there - managing everything from asset allocation to rebalancing investments. Starting with an initial focus on growth, the investor’s asset allocation is modified as the target date approaches, placing greater emphasis on safety and protection within each Destination+ Fund.”

Professional managers actively manage all underlying funds. The equity portfolios in the Destination+ Funds benefit from the growth potential of such leading funds as Mackenzie Cundill Value Fund, Mackenzie Maxxum Dividend Fund, Mackenzie Ivy Foreign Equity Fund, Mackenzie Universal Canadian Growth Fund and Mackenzie Cundill Emerging Markets Value Class. The balanced portfolios in the Destination+ Funds consist of Mackenzie Sentinel Income Fund, Mackenzie Sentinel Bond Fund and Mackenzie Sentinel Corporate Bond Fund.

Unique features provide safety and growth
Mackenzie Destination+ Funds differ from many other lifecycle or target funds in several important ways:

  • Daily Lock-in Feature – Destination+ Funds are open-ended target date mutual funds with a guaranteed daily lock-in of investment gains. Each day, the highest net asset value is locked in, allowing investors to capture the growth achieved by the Destination+ Funds if they remain fully invested until maturity (the “destination date”).
  • Guaranteed Maturity Amount - Investor’s original investment in Destination+ Funds is guaranteed when held to the destination date, providing peace of mind for advisors and their clients.
  • Greater Equity Exposure - Destination+ 2020 and Destination+ 2025 Funds hold 100% equity at the outset to maximize potential growth. Most similar programs start off with lower equity exposure.
  • Emerging Markets - The equity component includes exposure to emerging markets, an area with high growth potential.

Mackenzie Investments
Mackenzie Investments was founded in 1967, and is a leading investment management firm providing investment advisory and related services. With $61.3 billion in assets under management as of December 31, 2007, 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 $121 billion in total assets under management as of December 31, 2007.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. In order to receive capital protection and the daily lock-in of investment gains, investors must remain invested in the Fund until the Fund’s maturity. In certain circumstances, the Fund’s maturity date may be accelerated by Mackenzie, at its discretion, in which case investors receive the present value of the current guaranteed maturity amount. Please read the prospectus before investing for additional important information regarding the guaranteed maturity amount and certain risks of investing in the Funds. Mutual Funds are not guaranteed, their values change frequently and past performance may not be repeated

For more information contact:
Catharine Marion or Mike Langdon
Environics Communications
416-969-2809, 416-969-2820
cmarion@environicspr.com : mlangdon@environicspr.com