Toronto-based Beutel, Goodman & Company Ltd. Monday proposed to change the investment objectives of three funds, subject to approval by unitholders.

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 Ffnd 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 August 7, to approve the changes. If approved, the changes will take effect immediately after the meeting.