ProShares Announces ETF Share Splits and Reverse Splits

prosharesProShares, a premier provider of alternative ETFs, announced today share splits and reverse share splits on the ETFs listed below. The splits and reverse splits will not change the value of a shareholder’s investment.


Splits


The following ETFs will split shares:

Ticker

ETF

Split Ratio

BIB

ProShares Ultra Nasdaq Biotechnology

2:1

MVV

ProShares Ultra MidCap400

2:1

FINU

ProShares UltraPro Financials

2:1

TQQQ

ProShares UltraPro QQQ

2:1

SVXY

ProShares Short VIX Short-Term Futures ETF

2:1

All splits will apply to shareholders of record as of the close of the markets on January 21, 2014, payable after the close of the markets on January 23, 2014. The ETFs will trade at their post-split price on January 24, 2014. The ticker symbols and CUSIP numbers for the ETFs will not change.


The splits will decrease the price per share of each ETF 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


The following ETFs will reverse split shares at the following split ratios:

Ticker

ETF

Split

Ratio

Old CUSIP

New CUSIP

EWV

ProShares UltraShort MSCI Japan

1:4

74347R347

74348A459

SPXU

ProShares UltraPro Short S&P500

1:4

74348A632

74348A442

EPV

ProShares UltraShort FTSE Europe

1:4

74348A301

74348A434

QID

ProShares UltraShort QQQ

1:4

74347X237

74348A426

SQQQ

ProShares UltraPro Short QQQ

1:4

74348A665

74348A418

SMDD

ProShares UltraPro Short MidCap400

1:4

74348A657

74348A392

SJH

ProShares UltraShort Russell2000 Value

1:4

74348A509

74348A384

SBB

ProShares Short SmallCap600

1:4

74347R784

74348A376

SIJ

ProShares UltraShort Industrials

1:4

74348A103

74348A368

FXP

ProShares UltraShort FTSE China 25

1:4

74347X567

74348A350

MZZ

ProShares UltraShort MidCap400

1:4

74347X211

74348A343

TWM

ProShares UltraShort Russell2000

1:4

74348A202

74348A319

SDD

ProShares UltraShort SmallCap600

1:4

74348A400

74348A327

SRTY

ProShares UltraPro Short Russell2000

1:4

74348A640

74348A335

SKK

ProShares UltraShort Russell2000 Growth

1:4

74347X195

74348A293

AGQ

ProShares Ultra Silver

1:4

74347W841

74347W353

UVXY

ProShares Ultra VIX Short-Term Futures ETF

1:4

74347W379

74347W346

All reverse splits will be effective at the market open on January 24, 2014, when the ETFs will begin trading at their post-split price. The ticker symbol for the ETFs will not change. All ETFs undergoing a reverse split will be issued a new CUSIP number.


The reverse splits will increase the price per share of each ETF 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.


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