ProShares Announces ETF Share Splits


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ProShares Share Splits of Seven ETFs; Reverse Share Splits of Eight ETFs

Bethesda, MD, May 24, 2013—ProShares, a premier provider of alternative ETFs, announced today share splits on seven of its ETFs and reverse share splits on eight of its ETFs. The splits and reverse splits will not change the value of a shareholder’s investment.

Splits

Seven ETFs will split shares 2-for-1.

Ticker Fund Split Ratio
UGE ProShares Ultra Consumer Goods 2:1
UPRO ProShares UltraPro S&P500® 2:1
UMDD ProShares UltraPro MidCap400 2:1
UWC ProShares Ultra Russell3000 2:1
RXL ProShares Ultra Health Care 2:1
UCC ProShares Ultra Consumer Services 2:1
URTY ProShares UltraPro Russell2000 2:1

All splits will apply to shareholders of record as of the close of the markets on June 5, 2013, payable after the close of the markets on June 7, 2013. The funds will trade at their post-split price on June 10, 2013. The ticker symbol and CUSIP numbers for the funds will not change.

The splits will decrease the price per share of each fund with a proportionate increase in the number of shares outstanding. For example, for the 2-for-1 splits, every pre-split share will result in the receipt of two post-split shares, which will be priced at half the net asset value (“NAV”) of a pre-split share.

Illustration of a Split

The following table shows the effect of a hypothetical 2-for-1 split:

Period # of Shares Owned Hypothetical NAV Value of Shares
Pre-Split 100 $100.00 $10,000.00
Post-Split 200 $50.00 $10,000.00

Reverse Splits

Eight funds will reverse split shares at the following split ratios:

Ticker Fund Split Ratio Old CUSIP New CUSIP
KOLD ProShares UltraShort DJ-UBS Natural Gas 1:4 74347W767 74347W387
VIXY ProShares VIX Short-Term Futures ETF 1:5 74347W692 74347W361
UVXY ProShares Ultra VIX Short-Term Futures ETF 1:10 74347W411 74347W379
DUG ProShares UltraShort Oil & Gas 1:4 74347X591 74348A525
FINZ ProShares UltraPro Short Financials 1:4 74348A574 74348A517
TTT ProShares UltraPro Short 20+ Year Treasury 1:4 74347X740 74348A491
SJF ProShares UltraShort Russell1000 Value 1:4 74347R453 74348A483
EFU ProShares UltraShort MSCI EAFE 1:4 74347R339 74348A475

All reverse splits will be effective at the market open on June 10, 2013, when the funds will begin trading at their post-split price. The ticker symbol for the funds will not change. All funds undergoing a reverse split will be issued a new CUSIP number.
The reverse splits will increase the price per share of each fund with a proportionate decrease in the number of shares outstanding. For example, for a 1-for-4 reverse split, every four pre-split shares will result in the receipt of one post-split share, which will be priced four times higher than the NAV of a pre-split share.

Fractional Shares from Reverse Splits

For shareholders who hold quantities of shares that are not an exact multiple of the reverse split ratio (for example, not a multiple of 4 for a 1-to-4 reverse split), the reverse split will result in the creation of a fractional share. Post-reverse split fractional shares will be redeemed for cash and sent to your broker of record. This redemption may cause some shareholders to realize gains or losses, which could be a taxable event for those shareholders.

Illustration of a Reverse Split

The following table shows the effect of a hypothetical 1-for 4 reverse split:

Period # of Shares Owned Hypothetical NAV Value of Shares
Pre-Split 1,000 $10.00 $10,000.00
Post-Split 250 $40.00 $10,000.00

About ProShares

Offering the nation's largest lineup of alternative ETFs, ProShares helps investors to go beyond the limitations of conventional investing and face today's market challenges. Each ProShares ETF provides access to an alternative investment strategy delivered with the liquidity, transparency and cost effectiveness of an ETF. ProShares' lineup of 141 ETFs includes Global Fixed Income, Hedge Strategies, Geared (leveraged and inverse), and Inflation and Volatility ETFs.

Media Contact:

Tucker Hewes, Hewes Communications, Inc., 212.207.9451, tucker@hewescomm.com


May 24, 2013