Mackenzie Financial Corp. today announced the launch of a new 6% Series T option on the complete line of Mackenzie mutual funds that offer Series T.

The new distribution option, available starting today, is called Mackenzie Series T6. Concurrent with the availability of this new option, existing Series T units that pay an 8% annualized distribution have been re-designated Series T8.

Mackenzie Series T6 has been added to the 20 mutual funds that currently pay an 8% distribution through Series T so that investors will be able to choose the income stream that best suits their financial planning needs. Now, each mutual fund that offers Series T will provide investors with a distribution of 8% or 6% per annum, paid monthly, based on calendar year-end net asset value (NAV), adjusted annually. Series T distributions are usually comprised, in part, of return of capital (ROC), which is not immediately taxable. Investors therefore receive a regular tax-efficient cash flow without redeeming units and without triggering personal capital gains. More details about Series T and the taxable effects of the distributions are available in the simplified prospectus for the funds that offer Series T.

“Mackenzie Series T funds are an excellent product for investors seeking monthly, tax-deferred income,” says David Feather, president, Mackenzie Financial Services. “And with the addition of Mackenzie 6% Series T funds to our existing 8% Series T funds, investors now have greater flexibility in determining how much monthly income they receive.”

Series T6 funds have been launched with a $15 NAV, with the first 7.5¢ monthly distribution to be paid at the end of August, 2007. They are available for sale on a front-end, back-end and low-load basis.

Series T6, Series T8 and Series P are available on 20 funds. For a complete list, see the attached news release.

Series P units are designed for investors who wish to received a regular monthly cash flow through a dealer sponsored fee-for-service or wrap program.