ProShares Announces Record Date of Upcoming ETF Share Splits

ProShares, a premier provider of ETFs, announced today the record date and payment date of the forward splits previously announced on August 4, 2020.

All forward splits will apply to shareholders of record as of the close of the markets on August 14, 2020, payable after the close of the markets on August 17, 2020. All forward splits will be effective prior to market open on August 18, 2020, when the funds will begin trading at their post-split price. The ticker symbols and CUSIP numbers for the funds will not change.

As per the August 4, 2020 release, the following funds will forward split their shares at the below listed split ratios:

 

Ticker

  

ProShares ETF

  

Split

Ratio

 
       
 

UBT

  

Ultra 20+ Year Treasury

  

2:1

 
 

QLD

  

Ultra QQQ

  

2:1

 
 

SSO

  

Ultra S&P500

  

2:1

 
 

UCC

  

Ultra Consumer Services

  

2:1

 
 

ROM

  

Ultra Technology

  

4:1

 

About ProShares

ProShares has been at the forefront of the ETF revolution since 2006. ProShares now offers one of the largest lineups of ETFs, with more than $40 billion in assets. The company is the leader in strategies such as dividend growth, interest rate hedged bond and geared (leveraged and inverse) ETF investing. ProShares continues to innovate with products that provide strategic and tactical opportunities for investors to manage risk and enhance returns.

ProShares is the leader in strategies such as dividend growth, interest rate hedged bond and geared (leveraged and inverse) ETF investing. Source: ProShares, 2020.

Geared (leveraged or short) ProShares ETFs seek returns that are a multiple of (e.g., 2x or -2x) the return of a benchmark (target) for a single day, as measured from one NAV calculation to the next. Due to the compounding of daily returns, holding periods of greater than one day can result in returns that are significantly different than the target return and ProShares' returns over periods other than one day will likely differ in amount and possibly direction from the target return for the same period. These effects may be more pronounced in funds with larger or inverse multiples and in funds with volatile benchmarks. Investors should monitor their holdings as frequently as daily. Investors should consult the prospectus for further details on the calculation of the returns and the risks associated with investing in this product.

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.

Investing involves risk, including the possible loss of principal. Geared ProShares ETFs 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 ETFs should lose money when their benchmarks or indexes rise. Please see their summary and full prospectuses for a more complete description of risks. There is no guarantee any ProShares ETF will achieve its investment objective.

ProShares are distributed by SEI Investments Distribution Co., which is not affiliated with the funds' advisor or sponsor.

Contacts:

Media Contact:
Tucker Hewes, Hewes Communications, Inc., 212.207.9451, tucker@hewescomm.com

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