Unitholders of Mackenzie Saxon Funds, Keystone Cundill International Value Class and Mackenzie Cundill International Class Monday approved a resolution to merge several funds into other Mackenzie-sponsored funds, the company said.

Mackenzie Saxon Money Market Fund will merge into Mackenzie Sentinel Money Market Fund, Mackenzie Saxon Bond Fund will merge into Mackenzie Sentinel Bond Fund, and Keystone Cundill International Value Class will merge into Mackenzie Cundill International Class Value Class

All the above mergers are expected to be effective on or about September 25, Mackenzie said.

In addition, investors of selected retail series of Mackenzie Saxon Funds approved a resolution to change the method of charging operating expenses such that the funds will adopt the fixed rate administration fee structure used by the Mackenzie family of mutual funds.

The Saxon Funds (now known as Mackenzie Saxon Funds) were acquired in September 2008.

IE