ETF Bull and Bear Discussion Board

[JohnCM]

ProShares Announces ETF Share Splits

BETHESDA, MD – April 3, 2020 – ProShares, a premier provider of ETFs, announced today reverse share splits on six of its ETFs. The splits will not change the total value of a shareholder’s investment.

Reverse Splits

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

Ticker ProShares ETF Split Ratio Old CUSIP New CUSIP

UCO ProShares Ultra Bloomberg Crude Oil 1:25 74347W247 74347Y888

BOIL ProShares Ultra Bloomberg Natural Gas 1:10 74347Y706 74347Y870

DIG ProShares Ultra Oil & Gas 1:10 74347R719 74347G705

OILK ProShares K-1 Free Crude Oil Strategy ETF 1:5 74347B417 74347G804

TTT ProShares UltraPro Short 20+ Year Treasury 1:4 74348A491 74347G887

SMDD ProShares UltraPro Short MidCap400 1:4 74348A392 74347G879

All reverse splits will be effective prior to market open on April 21, 2020, when the funds will begin trading at their post-split price. The ticker symbols for the funds will not change. 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. 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