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ProShares Announces ETF Share Splits

BETHESDA, Md.--(BUSINESS WIRE)--

ProShares, a premier provider of ETFs, announced today forward and reverse share splits on 10 of its ETFs. The splits will not change the total value of a shareholder's investment.

Forward Splits

Seven ETFs will forward split shares 2-for-1:

Ticker ProShares ETF Split Ratio

QLD

Ultra QQQ

2:1
UDOW UltraPro Dow30 2:1
UWM Ultra Russell2000 2:1
URE Ultra Real Estate 2:1
URTY UltraPro Russell2000 2:1
ROM Ultra Technology 2:1
SVXY

Short VIX Short-Term Futures ETF

2:1

All forward splits will apply to shareholders of record as of the close of the markets on July 12, 2017, payable after the close of the markets on July 14, 2017. The funds will trade at their post-split prices on July 17, 2017. The ticker symbols and CUSIP numbers for the funds will not change.

The forward 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 one-half the net asset value (“NAV”) of a pre-split share.

Illustration of a Forward Split

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

Reverse Splits

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

Ticker ProShares ETF Split Ratio Old CUSIP New CUSIP
SDS

UltraShort S&P500

1:4 74347B300 74347B383
VIXY VIX...

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