Brandes Investment Partners & Co., the manager of the Brandes Funds, today announced proposals to change the investment objectives of Brandes U.S. Small Cap Fund and Brandes Global Small Cap Fund.

The investment objectives for the funds will be amended to allow more flexibility to invest in issuers with market capitalizations of greater than $1.5 billion at time of purchase.

Unitholders will be asked to vote on these changes at a special meeting to be held on November 27 in Toronto. Unitholders of record of the funds on October 26, will receive an information circular in early November outlining the details of the proposed change. The record date for voting is November 23. All costs and expenses incurred in connection with the special meeting will be paid by Brandes.

If the proposed change to the investment objectives are approved and implemented, they are expected to take effect after the close of business on November 27, or such later date as may be determined by Brandes.