ProShares ETFs Announce Zero Capital Gain Distributions
Posted on November 29, 2011 at 10:57 AM EST
ProShares, the nation’s fifth largest ETF provider,1 announced today that it expects that none of its 108 equity and fixed-income ETFs will pay any 2011 capital gain distributions.
“Tax efficiency is a key investor benefit that ETF providers strive to deliver,” said Michael L. Sapir, Chairman and CEO of ProShare Advisors LLC, ProShares’ investment advisor. “We expect 2011 to be the second consecutive year that shareholders of ProShares ETFs will not have received any capital gain distributions.”
Capital gain distribution estimates are subject to change. The planned distribution dates for any fourth quarter income dividends are available at proshares.com. Capital gain distribution and income dividend amounts will vary from year to year. For specific tax advice, ProShares recommends that investors seek advice from a qualified professional.
ProShares is the nation’s fifth largest provider of ETFs, with more than $26 billion in assets. ProShares offers investors opportunities to manage risk and seek returns through a diverse array of ETFs, including the largest lineup of geared (leveraged and inverse) ETFs.2 ProShares is part of ProFunds Group, which was founded in 1997 and includes nearly $30 billion in mutual fund and ETF assets.3
Short or Ultra ProShares ETFs seek returns that are 3x, 2x, -1x, -2x or -3x the return of an index or other benchmark (target) for a single day, as measured from one NAV calculation to the next. Due to the compounding of daily returns, ProShares’ returns over periods other than one day will likely differ in amount and possibly direction from the target return for the same period. Investors should monitor their holdings consistent with their strategies, as frequently as daily. For more on correlation and other risks, please read the prospectus.
Investing involves risk, including the possible loss of principal. ProShares are non-diversified and entail certain risks, including risk associated with the use of derivatives (swap agreements, futures contracts and similar instruments), imperfect benchmark correlation, leverage and market price variance, all of which can increase volatility and decrease performance. Short ProShares should lose money when their benchmarks or indexes rise. See the prospectuses for a more complete description of risks. There is no guarantee any ProShares ETF will achieve its investment objective.
Carefully consider the investment objectives, risks, charges and expenses of ProShares before investing. This and other information can be found in their summary and full prospectuses. Read them carefully before investing. A separate ProShares Trust II prospectus is available for Volatility, Commodity and Currency ETFs.
ProShares are distributed by SEI Investments Distribution Co., which is not affiliated with the funds’ advisor or sponsor.
1 Source: Bloomberg, October 31, 2011.
2 Source: Lipper, based on a worldwide analysis of all of the known providers of funds in these categories. The analysis covered ETFs and ETNs by the number of funds and assets (as of 6/30/2011).
3 Assets as of October 31, 2011.
Hewes Communications, Inc.
Tucker Hewes, 212-207-9451
PROSHRS ULTRPRO QQQ PROSHS ULTRA NQ BIO ProShares Large Cap Core Plus ProShares RAFI Long/Short ProShares Short 20+ Year Treasury ProShares Short Basic Materials ProShares Short Dow30 ProShares Short FTSE China 25 ProShares Short Financials ProShares Short High Yield ProShares Short Investment Grade Corp. ProShares Short MSCI EAFE ProShares Short MSCI Emerging Markets ProShares Short MidCap400 ProShares Short Oil & Gas ProShares Short QQQ ProShares Short Real Estate ProShares Short Russell2000 ProShares Short S&P500 ProShares Short SmallCap600 ProShares Short VIX Short Term Futures ETF ProShares Ultra 20+ Year Treasury ProShares Ultra 7-10 Year Treasury ProShares Ultra Basic Materials ProShares Ultra Consumer Goods ProShares Ultra Consumer Services ProShares Ultra DJ-UBS Commodity ProShares Ultra DJ-UBS Crude Oil ProShares Ultra Dow30 ProShares Ultra Euro ProShares Ultra Europe ProShares Ultra FTSE China 25 ProShares Ultra Financials ProShares Ultra Gold ProShares Ultra Health Care ProShares Ultra High Yield ProShares Ultra Industrials ProShares Ultra Investment Grade Corp. ProShares Ultra MSCI EAFE ProShares Ultra MSCI Emerging Markets ProShares Ultra MSCI Japan ProShares Ultra MSCI Mexico Ca ProShares Ultra MSCI Pacific ex-Japan ProShares Ultra MidCap400 ProShares Ultra Oil & Gas ProShares Ultra QQQ ProShares Ultra Real Estate ProShares Ultra Russell 3000 ProShares Ultra Russell MidCap Growth ProShares Ultra Russell MidCap Value ProShares Ultra Russell1000 Growth ProShares Ultra Russell1000 Value ProShares Ultra Russell2000 ProShares Ultra Russell2000 Growth ProShares Ultra Russell2000 Value ProShares Ultra S&P500 ProShares Ultra Semiconductors ProShares Ultra Silver ProShares Ultra SmallCap600 ProShares Ultra Technology ProShares Ultra Telecommunications ProShares Ultra Utilities ProShares Ultra Yen ProShares UltraPro Dow30 ProShares UltraPro MidCap400 ProShares UltraPro Russell2000 ProShares UltraPro S&P 500 ProShares UltraShort DJ UBS Natural Gas ETF ProShares UltraShort DJ-UBS Commodity ProShares UltraShort DJ-UBS Crude Oil ProShares UltraShort Euro ProShares UltraShort FTSE China 25 ProShares UltraShort Financials ProShares UltraShort Industrials ProShares UltraShort Lehman 7-10 Year Treasury ProShares UltraShort MSCI EAFE ProShares UltraShort MSCI Emerging Markets ProShares UltraShort MSCI Europe ProShares UltraShort MSCI Japan ProShares UltraShort MSCI Mexico Investable Market ProShares UltraShort MSCI Pacific ex-Japan ProShares UltraShort MidCap400 ProShares UltraShort Oil & Gas ProShares UltraShort QQQ ProShares UltraShort Real Estate ProShares UltraShort Russell MidCap Growth ProShares UltraShort Russell MidCap Value ProShares UltraShort Russell1000 Value ProShares UltraShort Russell2000 ProShares UltraShort Russell2000 Growth ProShares UltraShort Russell2000 Value ProShares UltraShort Semiconductors ProShares UltraShort SmallCap600 ProShares UltraShort TIPS ETF ProShares UltraShort Technology ProShares UltraShort Telecommunications ProShares UltraShort Utilities ProShares UltraShort Yen ProShares VIX Mid-Term Futures ETF ProShares VIX Short-Term Futures ETF Proshares Short KBW Region Banking ETF Proshares Ultra KBW Region Banking ETF
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Press Release Service provided by PRConnect.
Stock quotes supplied by Telekurs USA
Postage Rates Bots go here