Mavrix Fund Management Inc. today announced changes intended to streamline its mutual fund line-up.

Effective May 1, Jackee Pratt, vp & portfolio manager, will assume the lead management role for Mavrix Income Fund. Pratt currently manages Mavrix Canada Fund and Mavrix Diversified Fund.

Pratt joined the Mavrix team in February 2004 and has nearly 30 years of portfolio management experience in the investment industry. Over that time, she has successfully demonstrated a strong record of managing large capitalization funds.

In addition, Mavrix proposes to merge Mavrix Canada Fund and Mavrix Diversified Fund into Mavrix Income Fund, which will be the continuing fund. The proposed mergers are subject to the receipt of all necessary unitholder and regulatory approvals. Mavrix also intends to rename the continuing fund Mavrix Balanced Monthly Pay Fund.

Details of the proposed mergers will be set out in a notice of meeting and information circular that will be sent to unitholders in May in advance of unitholder meetings to be held in June 2008.