ProShares ETFs Declare Capital Gains Distributions


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PRESS RELEASE

Bethesda, MD, December 22, 2008 — ProFunds Group, the world’s largest manager of short and leveraged funds,1 has announced the capital gain distribution declarations for its ProShares ETFs. The firm expects to pay capital gain distributions for 35 of its 76 ETFs. The capital gain amounts to be distributed per share are listed below.

Fund Name
Ticker Symbol
Long Term Cap Gain Short Term Cap Gain Ex-Date Record Date Payable Date
Short QQQ
PSQ
0.20694
4.0444
12/23/2008
12/26/2008
12/30/2008
Short Dow30
DOG
0.26845
8.44471
12/23/2008
12/26/2008
12/30/2008
Short S&P500
SH
0.03849
11.94291
12/23/2008
12/26/2008
12/30/2008
Short MidCap400
MYY
1.08643
10.21814
12/23/2008
12/26/2008
12/30/2008
Short SmallCap600
SBB
--
32.29667
12/23/2008
12/26/2008
12/30/2008
Short Russell2000
RWM
0.26542
23.94983
12/23/2008
12/26/2008
12/30/2008
UltraShort QQQ
QID
--
9.49928
12/23/2008
12/26/2008
12/30/2008
UltraShort Dow30
DXD
--
16.0274
12/23/2008
12/26/2008
12/30/2008
UltraShort S&P500
SDS
--
11.46188
12/23/2008
12/26/2008
12/30/2008
UltraShort MidCap400
MZZ
--
23.84952
12/23/2008
12/26/2008
12/30/2008
UltraShort SmallCap600
SDD
--
28.61282
12/23/2008
12/26/2008
12/30/2008
UltraShort Russell2000
TWM
--
25.00731
12/23/2008
12/26/2008
12/30/2008
UltraShort Russell1000 Value
SJF
--
9.53106
12/23/2008
12/26/2008
12/30/2008
UltraShort Russell1000 Growth
SFK
--
32.96469
12/23/2008
12/26/2008
12/30/2008
UltraShort Russell MidCap Value
SJL
--
50.35417
12/23/2008
12/26/2008
12/30/2008
UltraShort Russell MidCap Growth
SDK
--
47.77962
12/23/2008
12/26/2008
12/30/2008
UltraShort Russell2000 Value
SJH
--
30.53633
12/23/2008
12/26/2008
12/30/2008
UltraShort Russell2000 Growth
SKK
--
39.73579
12/23/2008
12/26/2008
12/30/2008
UltraShort Basic Materials
SMN
--
26.57907
12/23/2008
12/26/2008
12/30/2008
UltraShort Consumer Goods
SZK
--
18.85726
12/23/2008
12/26/2008
12/30/2008
UltraShort Consumer Services
SCC
--
33.91358
12/23/2008
12/26/2008
12/30/2008
UltraShort Health Care
RXD
--
29.65321
12/23/2008
12/26/2008
12/30/2008
UltraShort Industrials
SIJ
--
47.84611
12/23/2008
12/26/2008
12/30/2008
UltraShort Real Estate
SRS
--
4.56656
12/23/2008
12/26/2008
12/30/2008
UltraShort Oil & Gas
DUG
--
6.06101
12/23/2008
12/26/2008
12/30/2008
UltraShort Semiconductors
SSG
--
42.34605
12/23/2008
12/26/2008
12/30/2008
UltraShort Technology
REW
--
26.4631
12/23/2008
12/26/2008
12/30/2008
UltraShort Utilities
SDP
--
28.42091
12/23/2008
12/26/2008
12/30/2008
Short MSCI EAFE
EFZ
--
16.24244
12/23/2008
12/26/2008
12/30/2008
UltraShort MSCI EAFE
EFU
--
24.10923
12/23/2008
12/26/2008
12/30/2008
Short MSCI Emerging Markets
EUM
--
7.66143
12/23/2008
12/26/2008
12/30/2008
UltraShort MSCI Japan
EWV
--
12.1342
12/23/2008
12/26/2008
12/30/2008
UltraShort Telecommunications
TLL
--
30.085
12/23/2008
12/26/2008
12/30/2008
Short Financials
SEF
--
3.43735
12/23/2008
12/26/2008
12/30/2008
Short Oil & Gas
DDG
--
24.28852
12/23/2008
12/26/2008
12/30/2008

Distributions reduce the net assets of each of the affected ETFs as of the close of business today and the ETFs will trade ex-dividend tomorrow. Each portfolio’s exposure to its benchmark index will be adjusted today to reflect this reduction in assets.

All ETFs are required by the Internal Revenue Code to distribute substantially all of their income and capital gains to shareholders at least annually. ProShares plans to announce any fourth quarter income distributions separately. For specific tax advice, we recommend you seek advice from a qualified tax professional.

About ProFunds Group

The $25 billion ProFunds Group includes 72 ProShares short and leveraged ETFs, and more than 115 ProFunds mutual funds. Since 1997, ProFunds has provided mutual fund investors with easier access to sophisticated investment strategies, with offerings that include funds that seek to magnify daily index performance and funds that seek to increase in value when markets decline. The group also manages the Canada-based Horizons BetaPro ETFs.

 
Media contact: 
Tucker Hewes, Hewes Communications, Inc., (212) 207-9451, tucker@hewescomm.com

Dec 22, 2008
 

1 Source: Lipper, based on a worldwide analysis of all of the known providers of publicly traded funds in these categories. The analysis covered ETFs, ETNs, and mutual funds by the number of funds and assets (as of 6/30/2008).

2Source: Bloomberg, based on assets for 11/28/2008.