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https://www.proshares.com/news/proshares_announces_share_splits_040320.html

ProShares ETFs: News Center – ProShares Announces ETF Share Splits

2020-07-01 11:03:36, , ProShares

Content Categorization
/Finance/Investing

Word Count:
470

Words/Sentence:
19

Reading Time:
4.70 min

Reading Quality:
Advanced

Readability:
16th or higher

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Q&A on Splits and Reverse Splits

BETHESDA, MD – April 3, 2020 – ProShares, a premier provider of ETFs, announced today reverse share splits on six of its ETFs.

Investor and Financial Professional Contact:

ProShares, 866.776.5125, info@proshares.com or visit us at ProShares.comFor media inquiries, please contact:

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

All funds undergoing a reverse split will be issued new CUSIP numbers, listed above.

The reverse splits will increase the price per share of each fund with a proportionate decrease in the number of shares outstanding.

This redemption may cause some shareholders to realize gains or losses, which could be a taxable event for those shareholders.

About ProShares

ProShares has been at the forefront of the ETF revolution since 2006.

The company is the leader in strategies such as dividend growth, interest rate hedged bond and geared (leveraged and inverse) ETF investing.

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