Mackenzie Investments have approved an investment mandate change for Mackenzie Sentinel RRSP Global Bond Fund. As a result, the fund will be renamed Mackenzie Sentinel Global Bond Fund.

In addition, unitholders of Mackenzie Sentinel Tactical Global Bond Fund have approved the merger of this fund into Sentinel Global Bond Fund. Both changes will be effective as of the close of business today.

Sentinel Global Bond Fund’s new investment objectives are to aim to achieve a high level of current income and, secondarily, long-term capital growth by investing in a diversified portfolio consisting primarily of fixed-income securities of foreign issuers. The change will allow the portfolio managers to invest directly in global bond securities around the world, and will eliminate the fund’s requirement to invest through the use of derivative instruments such as forward contracts and futures.

“Income and global exposure come together in this fund,” said David Feather, president, Mackenzie Financial Services, in a release. “Investors looking for both will now have better access to a wider range of fixed income securities around the world.

Beginning June, 2006, the fund will begin paying a quarterly, variable distribution based on its estimated quarterly taxable income. Previously, Sentinel RRSP Global Bond Fund paid a distribution on an annual basis.

The fund will continue to be sub-advised by Waddell & Reed, with portfolio managers Dan Vrabac and Mark Beischel.