Mackenzie Financial Corp. plans to call a special meeting of unitholders of Mackenzie Sentinel High Income Fund on November 22, 2006, the firm announced today.

Unitholders will be asked to consider a merger into the newly created Mackenzie Sentinel Diversified Income Fund, scheduled to be launched in October, 2006. Currently, Mackenzie Sentinel High Income Fund invests primarily in Canadian income trusts, higher yielding Canadian or global corporate bonds and higher yielding Canadian equity securities. The new Sentinel Diversified Income Fund will seek to provide investors with a more diversified portfolio designed to provide regular cash flow and growth of capital over the longer term. It will invest in five underlying mutual funds focusing primarily on Canadian and U.S. dividend paying stocks, income trusts, and corporate bonds.

The monthly distribution paid by Sentinel Diversified Income Fund is expected to be approximately 5% per year. Management fees will remain at 1.85%.

The proposed merger for Sentinel High Income Fund is conditional upon investor approval and any applicable regulatory approvals, the firm says. Full details of the proposed merger will be included in an information circular to be mailed to unitholders on or around November 1, 2006. Prospective investors may obtain this information from Mackenzie prior to the meetings.