James T. Dryburgh

Mackenzie Income Trust is a closed-end investment fund/investment trust and its purpose is to provide financing to Mackenzie Financial Corporation to enable it to pay selling commissions on the distribution of redemption charge of funds managed by Mackenzie. It sells commissions payable to dealers on redemption charge securities issued by mutual funds managed by Mackenzie Financial Corporation. Mackenzie Income Trust loans money to Mackenzie through a secured note to pay selling commissions to dealers selling redemption charge securities. The company was founded on March 23, 1998 and is headquartered in Toronto, Canada.