Mackenzie Master Limited Partnership Announces Estimate of Distribution of Partnership Income for the Period January 1, 2022 to December 30, 2022, Payable on January 20, 2023

Mackenzie Master Limited Partnership (the Master LP) is a Canada-based company, which is formed by the consolidation of approximately eight Mackenzie Financial Corporation (Mackenzie) retail limited partnerships: Industrial Horizon Partnerships 1987, 1988, 1989, 1990, 1992, 1992-II, 1993 and Mackenzie Limited Partnership 1994 (collectively the Partnerships), each of which arranged for the distribution of redemption charge securities of mutual funds sponsored by Mackenzie. The Master LP invests excess cash in units of Mackenzie Canadian Money Market Fund, a mutual fund managed by Mackenzie. The general partner of the Company is MMLP GP Inc. (the General Partner), a wholly owned subsidiary of Mackenzie Financial Corporation (Mackenzie). The business and affairs of the Master LP are managed by MMLP GP Inc. (the General Partner).