An anonymous director reports

MACKENZIE INVESTMENTS ANNOUNCES ENHANCEMENTS TO MACKENZIE MONTHLY INCOME BALANCED PORTFOLIO AND MACKENZIE MONTHLY INCOME CONSERVATIVE PORTFOLIO

IGM Financial Inc.'s Mackenzie Financial Corp. (Mackenzie Investments) has upcoming enhancements to the Mackenzie monthly income balanced portfolio and the Mackenzie monthly income conservative portfolio.

Each series of the portfolios that historically made a variable monthly distribution of net income will now pay a fixed annual distribution of 4 per cent of the portfolio's annual net asset value to be paid monthly, effective on or about Oct. 31, 2015. This will allow the portfolios to generate more predictable cash flow to these series' investors. The fixed monthly distributions will consist of net income to the extent applicable. Any amounts in excess will consist of return of capital.

Effective mid-to-late September, 2015, asset allocations to the portfolios will shift with equity weightings rising to aim to deliver more income by way of dividend yield and capital gain. The Mackenzie monthly income balanced portfolio will shift from about 40-per-cent equities and 60-per-cent fixed-income mix to approximately 60-per-cent equities and about 40-per-cent fixed-income mix. The Mackenzie monthly income conservative portfolio will shift from about 20-per-cent equities and 80-per-cent fixed-income mix to approximately 40-per-cent equities and about 60-per-cent fixed-income mix.

The portfolios will continue to generate regular, attractive income streams, provide the opportunity for capital growth through diversified global exposure and offer explicit downside protection against the risk of catastrophic capital loss. The focus on mitigating downside risk is achieved through the use of proprietary derivative strategies. As a result, these portfolios aim to deliver significantly less volatility than a similar but unprotected strategy.