Proposed changes to investment objectives of Beutel Goodman Canadian Equity Plus Fund, Beutel Goodman Canadian Intrinsic Fund and Beutel Goodman Canadian Small Cap Fund
TORONTO, June 23, 2014 /CNW/ - Beutel, Goodman & Company Ltd. (the "Manager"), the manager of Beutel Goodman Canadian Equity Plus Fund, Beutel Goodman Canadian Intrinsic Fund and Beutel Goodman Small Cap Fund (the "Funds"), announced that, subject to the approval of the respective unitholders of each Fund, the investment objectives of the Funds will change to the following:
- Beutel Goodman Canadian Equity Plus Fund will seek long-term capital appreciation primarily through investments in common shares and other equity securities of issuers in Canada and abroad. At all times, a significant portion of the Fund's assets will be invested in common shares or other equity securities of Canadian issuers. While the Fund currently invests mainly in Canada, it also makes a large amount of investments outside of Canada. For this reason, the Fund intends to change the description of its investment objective as described above. If approved, the Fund's name will change to Beutel Goodman Total World Equity Fund.
- Beutel Goodman Canadian Intrinsic Fund will seek long-term capital growth through investments primarily in common shares and other equity securities of issuers in Canada and the United States. The Fund's investments outside of Canada are mainly in the United States. For this reason, the Fund intends to change the description of its investment objective as described above. If approved, the Fund's name will change to Beutel Goodman North American Focused Equity Fund.
- Beutel Goodman Small Cap Fund will seek long-term capital appreciation primarily through investments in common shares and other equity securities of smaller capitalization Canadian issuers. The Fund invests in smaller companies. However, the meaning of "small" changes over time. For this reason, the Fund intends to change its investment objective as described above.
A special meeting of the unitholders of each Fund will be convened on or about August 7, 2014 to approve the changes and, if approved, will take effect immediately thereafter.
SOURCE: Beutel, Goodman & Company Ltd.
Michael Gibson, Managing Director, Operations, Beutel, Goodman & Company Ltd., Tel: (416) 932 6337
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