Mackenzie Financial Corp. is launching new series and new purchase options on a select number of existing mutual funds. These new options will be available for purchase beginning Monday May 1.

Mackenzie is launching a T-Series option on both Mackenzie Maxxum Dividend Fund and Mackenzie Cundill Value Fund.

Mackenzie’s T-Series units are currently offered on 12 balanced funds; these will be the first equity funds that will offer the series. T-Series units can provide investors with a tax-effective way to receive steady monthly cash flow from their investments. A portion of the monthly income is paid to investors as “return of capital”, meaning that investors will be paid back a portion of their original investment each month. Since return of capital is non-taxable, tax payments can be deferred until investors eventually sell their T-Series, although return of capital reduces an investor’s cost base for tax purposes.

“Adding these equity funds to our current mix of balanced funds which offer T-Series will broaden Mackenzie’s offering, giving investors even more selection when evaluating tax-efficient income options,” said David Feather, president, Mackenzie Financial Services.

T-Series aims to provide a monthly distribution of 8% based on calendar year-end NAV, adjusted annually. Both Mackenzie Maxxum Dividend T-Series and Mackenzie Cundill Value T-Series Funds will be launched with a $15 NAV, with the first 10¢ monthly distribution to be paid on May 26, 2006.

Front-end, back-end and low-load versions of Mackenzie Maxxum Dividend Fund and Mackenzie Cundill Value Fund will be available under the T-Series umbrella.

Mackenzie Cundill Global Balanced Fund and Mackenzie Ivy Global Balanced Fund, which currently have a T-Series option, and Mackenzie Cundill Value Fund, will also be available under the U.S. dollar purchase option. Investors will be able to purchase T-Series of these Mackenzie Global Funds in U.S. dollars, also under the front-end, back-end and low-load purchase options.

The monthly distribution will be calculated at the beginning of each year, based on the underlying Canadian NAV, and will be converted monthly to U.S. dollars at the current exchange rate.

“Investors have told us that they not only want U.S. dollar purchase options on our regular funds, but specifically on income funds with a regular distribution,” added Feather.

In another change, separate from the above T-Series additions and in response to rising investor interest in low-load purchase options, Mackenzie is launching a U.S. dollar low load version on 15 of its foreign funds; also effective May 1.

The list of 15 funds include: Mackenzie Cundill Value Fund, Mackenzie Cundill Global Balanced Fund, Mackenzie Ivy Foreign Equity Fund, Mackenzie Ivy Foreign Equity Capital Class, Mackenzie Maxxum Global Explorer Capital Class, Mackenzie Select Managers Far East Capital Class, Mackenzie Select Managers Fund, Mackenzie Universal Emerging Markets Capital Class, Mackenzie Universal European Opportunities Fund, Mackenzie Universal International Stock Fund, Mackenzie Universal World Science & Technology Capital Class, Mackenzie Universal Health Sciences Capital Class, Mackenzie Universal U.S. Emerging Growth Capital Class, Mackenzie Universal U.S. Blue Chip Capital Class, and Mackenzie Ivy Global Balanced Fund.