Invesco PowerShares Provides Capital Gains Information for 2010
December 03 2010 - 2:22PM
Marketwired
Invesco PowerShares Capital Management LLC, a leading provider of
exchange-traded funds (ETFs) with more than $50 billion in
franchise assets, announced today that it expects to deliver zero
long-term capital gains distributions across 109 of 112 equity and
fixed-income ETFs for 2010.
The three PowerShares ETFs expected to make long-term capital
gains distributions this year represent less than 0.2% of franchise
assets. Two of the three listed below will see long-term capital
gains distributions well under 1% of NAV per share. The remaining
fund, the PowerShares Global Gold and Precious Metals Portfolio
(PSAU), is expected to pay less than 2% of its NAV. "When you
combine strong performance with the in-kind redemption restrictions
that exist in hard-to-reach foreign markets, as is the case with
PSAU, avoiding a capital gain distribution becomes very difficult,"
noted Ben Fulton, Invesco PowerShares managing director of
ETFs.
Fund name and Ticker Symbol Long-Term Capital Gains
($/share)
PowerShares Global Coal Portfolio (PKOL) $0.21
PowerShares Global Gold and Precious Metals
Portfolio (PSAU) $0.66
PowerShares Active Low Duration Fund (PLK) $0.04
Two additional funds, the PowerShares S&P 500 BuyWrite
Portfolio (PBP) and the PowerShares CEF Income Composite Portfolio
(PCEF), may pay capital gains this year.
PBP is unique in that it accounts for its gains or losses on its
investments for federal income tax purposes on a daily
mark-to-market basis.
Due to the unique characteristics of its underlying holdings,
PCEF may make a capital gains distribution, but the data necessary
to estimate the amount of any distribution will not be available
until later this month.
The ex-date for the 2010 capital gains distributions is
anticipated to be Tuesday, December 28, 2010. The record date is
anticipated to be Thursday, December 30, 2010, and the pay date is
anticipated to be Friday, December 31, 2010.
Invesco PowerShares Capital Management LLC is leading the
Intelligent ETF Revolution® through its family of more than 148
domestic and international exchange-traded funds, which seek to
outperform traditional benchmark indexes while providing advisors
and investors access to an innovative array of focused investment
opportunities. With franchise assets over $50 billion as of Sept.
30, 2010, PowerShares ETFs trade on both U.S. stock exchanges. For
more information, please visit us at
www.invescopowershares.com.
Invesco PowerShares is part of Invesco Ltd., a leading
independent global investment manager, dedicated to helping
investors worldwide achieve their financial objectives. By
delivering the combined power of our distinctive investment
management capabilities, Invesco provides a wide range of
investment strategies and vehicles to our retail, institutional and
high net worth clients around the world. Operating in 20 countries,
the company is listed on the New York Stock Exchange under the
symbol IVZ. Additional information is available at
www.invesco.com.
There are risks involved with investing in ETFs, including
possible loss of money. Index-based ETFs are not actively managed.
Actively managed ETFs do not necessarily seek to replicate the
performance of a specified index. Both index-based and actively
managed ETFs are subject to risks similar to stocks, including
those related to short selling and margin maintenance. Ordinary
brokerage commissions apply.
The Funds are considered non-diversified and may be subject to
greater risks than a diversified fund.
Invesco PowerShares does not offer tax advice. Please consult a
tax advisor for advice regarding your specific situation.
Not FDIC Insured | May Lose Value | No Bank Guarantee
PowerShares®
is a registered trademark of Invesco PowerShares
Capital Management LLC (Invesco PowerShares). Invesco PowerShares
Capital Management LLC and Invesco Distributors, Inc. are indirect,
wholly owned subsidiaries of Invesco Ltd.
Shares are not individually redeemable and
owners of the Shares may acquire those Shares from the Funds and
tender those Shares for redemption to the Funds in Creation Unit
aggregations only, typically consisting of 50,000 Shares.
Invesco Distributors, Inc. is the distributor
of the PowerShares Exchange-Traded Fund Trust, the PowerShares
Exchange-Traded Fund Trust II and the PowerShares Actively Managed
Exchange-Traded Fund Trust.
An investor should consider the Funds'
investment objectives, risks, charges and expenses. For this and
more complete information about the Funds, call 800 983 0903 or
visit invescopowershares.com for a prospectus. Please read the
prospectus carefully before investing.
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Media Contacts: Kristin Sadlon Porter Novelli
212-601-8192 Email Contact Bill Conboy 303-415-2290 Email
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