ProShares To Reverse Share Split Eight ETFs Monday June 10th

prosharesProShares will reverse share split eight of its ETFs Monday June 10th. The reverse splits will not change the value of a shareholder’s investment. In the reverse split, each of the identified outstanding shares (4, 5, 10 shares) of the respective Fund will be will be exchanged for one new share of the Fund.

Open orders in the above Funds at the close of business on Friday, June 7, 2013 will be canceled. The new shares of the Fund will be admitted to trading at the opening of business on Monday, June 10, 2013. On the effective date, the Funds will have a new CUSIP as indicated above. The fund names, symbols and underlying indices will not be changed.

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


ProShares Trust II (NYSEARCA:KOLD), ProShares UltraShort Oil & Gas (ETF) (NYSEARCA:DUG), ProShares Trust (NYSEARCA:FINZ), ProShares Trust (NYSEARCA:TTT), ProShares UltraShort Rusell1000 Vlu(ETF) (NYSEARCA:SJF), ProShares UltraShort MSCI EAFE (ETF) (NYSEARCA:EFU), ProShares Trust II (NYSEARCA:VIXY), ProShares Trust II (NYSEARCA:UVXY)

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