Conversion to Open-End Fund Details:

Effective June 26, 2009, MSP Maxxum Trust merged with open-end fund Mackenzie Maxxum Dividend Class. Units of MSP Maxxum Trust were converted to Series “B” units of Mackenzie Maxxum Dividend Class, based on a final net asset value for MSP Maxxum Trust of $4.884 per unit. The merger was effected on a taxable basis.