ProShares Announces ETF Share Splits

April 30, 2012 11:02am NASDAQ:SQQQ NASDAQ:TQQQ

ProShares,  the nation’s fourth most successful exchange traded fund (ETF) company,1announced today share splits on six of its ETFs and reverse share splits on 11 of its ETFs. The splits and reverse splits will not change the value of a


shareholder’s investment.

Splits

Four ETFs will split shares 2-for-1.

Ticker Fund Split Ratio
(NYSEARCA:QLD) ProShares Ultra QQQ 2:1
(NYSEARCA:TQQQ) ProShares UltraPro QQQ 2:1
(NYSEARCA:UBT) ProShares Ultra 20+ Year Treasury 2:1
(NYSEARCA:UST) ProShares Ultra 7-10 Year Treasury 2:1

Two ETFs will split shares 3-for-1.

Ticker Fund Split Ratio
(NYSEARCA:UDOW) ProShares UltraPro Dow30 3:1
(NYSEARCA:KOLD) ProShares UltraShort DJ-UBS Natural Gas 3:1

All splits will apply to shareholders of  record as of the close of the markets on May 8, 2012, payable after the close  of the markets on May 10, 2012. The funds will trade at their post-split price  on May 11, 2012. 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 held by  a shareholder will result in the receipt of two post-split shares, which will  be priced at half of 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

Six funds will reverse split shares  1-for-4.

Ticker Fund Split  Ratio Old    CUSIP New    CUSIP
(NYSEARCA:DXD) ProShares UltraShort Dow30 1:4 74347R867 74348A590
(NYSEARCA:SQQQ) ProShares UltraPro Short QQQ 1:4 74347X666 74348A665
(NYSEARCA:BZQ) ProShares UltraShort MSCI Brazil 1:4 74347X401 74348A673
(NYSEARCA:SMDD) ProShares UltraPro Short MidCap400 1:4 74347X682 74348A657
(NYSEARCA:SCC) ProShares UltraShort Consumer Services 1:4 74347R636 74348A616
(NYSEARCA:SFK) ProShares UltraShort Russell1000 Growth 1:4 74347R461 74348A624

Five funds will reverse split shares  1-for-5.

Ticker Fund Split Ratio Old    CUSIP New    CUSIP
(NYSEARCA:SPXU) ProShares UltraPro Short S&P500 1:5 74347X856 74348A632
(NYSEARCA:ZSL) ProShares UltraShort Silver 1:5 74347W643 74347W114
(NYSEARCA:SRTY) ProShares UltraPro Short Russell2000 1:5 74347X690 74348A640
(NYSEARCA:BOIL) ProShares Ultra DJ-UBS Natural Gas 1:5 74347W775 74347W122
(NYSEARCA:TWQ) ProShares UltraShort Russell3000 1:5 74347X203 74348A681

All reverse splits will apply to  shareholders of record as of the close of the markets on May 10, 2012. The  funds will trade at their post-split prices on May 11, 2012. The ticker symbols  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 the 1-for-4 reverse splits, every four pre-split  shares held by a shareholder will result in the receipt of one post-split  share, which will be priced four times higher than the net asset value  (“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

ProShares is the country’s fourth most successful exchange traded fund (ETF)  company,1 with 132 funds and nearly $23  billion in assets.2 ProShares’ lineup includes the largest family of  geared (leveraged and inverse) ETFs.3 ProShare Advisors and ProShare  Capital Management are affiliated with ProFund Advisors, which was founded in  1997. Together, they manage more than $28 billion in ETF and mutual fund  assets.2

Media contact:

Tucker Hewes, Hewes  Communications, Inc., 212-207-9451, tucker@hewescomm.com

Financial Professional contact:

ProShares, 866.776.5125,  ProShares.com

Apr 25, 2012


1 Source: Financial Research Corporation, based on analysis of organic  net sales  of U.S. exchange traded  products (as of 6/30/2011). Includes  products launched by their current  management company; excludes  products acquired through purchase or merger.

2 Assets as of 3/31/12

3 Source: Lipper, based on a worldwide analysis of all 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).


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