ProShares ETFs Announce Zero Capital Gain Distributions

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Follows no capital gain distributions last year

Bethesda, MD, November 29, 2011—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 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.

About ProShares

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

Media contact:

Tucker Hewes, Hewes Communications, Inc. (212) 207-9451,

Investor contact:

ProShares, (866) PRO-5125,

Nov 29, 2011

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.