PSL Invesco Trust Invesco Dorsey Wright Consumer Staples MomentumETF

Plans to Change the Indexes and Names of Ten ETFs and Close Four ETFs

CHICAGO, IL--(Marketwired - Dec 18, 2013) -  Invesco PowerShares Capital Management LLC, a leading global provider of exchange-traded funds (ETFs) with more than $97 billion in franchise assets, announced changes to its product line.

Reflective of its ongoing commitment to place investors' interests first, Invesco PowerShares announced that it plans to change the underlying indexes and names of ten ETFs. In addition, it also announced plans to close four ETFs, which together represent less than 1% of Invesco PowerShares' total assets.

"We regularly evaluate our ETF product offerings using numerous factors including investment results, how investors may utilize them in portfolios and length of time in the market, among others," said Dan Draper, Invesco PowerShares managing director of global ETFs. "For more than a decade, our focus has been to ensure that we provide innovative ETFs that can help investors meet their financial goals amidst a changing investment landscape. We believe these changes will provide investors a unique set of investment opportunities and position our family of ETFs for continued growth."

On December 17th, the Board of Trustees approved name, investment objective, underlying index, and investment policy and strategy changes for the following ETFs. These changes are scheduled to take effect on February 19, 2014:

"As with our existing PowerShares DWA Momentum ETF lineup, these portfolios will be based on momentum strategies as measured by Dorsey Wright's definition of relative strength characteristics, which can be a powerful tool for stock selection," said Lorraine Wang, Invesco PowerShares global head of ETF products and research. "The momentum indexes were developed by Dorsey Wright who we believe remains a leader in relative strength investing."

On December 17th, the Board of Trustees also approved the following ETF closures. The final day of trading for the ETFs on The NASDAQ Stock Market LLC ("NASDAQ") and NYSEARCA, Inc. ("NYSEARCA") will be February 18, 2014:

Shareholders may sell their holdings on or before February 18, 2014 and may incur typical transaction fees from their broker-dealer. Shareholders who do not sell their holdings on or before February 18, 2014 will receive cash equal to the amount of the net asset value of their shares, which will include any capital gains and dividends in the cash portion of their brokerage accounts. The shareholder payment date is currently scheduled for on or about February 25, 2014. Shareholders will generally recognize a capital gain or loss equal to the amount received for their shares over their adjusted basis in such shares.

For additional information, shareholders of the ETFs which are scheduled for changes or liquidation may call Invesco PowerShares at 800-983-0903.

About Dorsey, Wright & Associates, LLC Dorsey, Wright & Associates (DWA) is an independent and privately owned registered investment advisory firm based in Richmond, Virginia. Thomas Dorsey and Watson Wright founded Dorsey, Wright & Associates in 1987 to provide technical equity analysis services to professional and individual investors. Today, DWA remains a leader in Point & Figure analysis and Relative Strength investing. Dorsey Wright maintains a Global Technical Research Platform, available by subscription, and provides advisory, subadvisory and licensing services. For more information, please visit dorseywright.com.

About Invesco PowerShares Capital Management LLC and Invesco, Ltd. Invesco PowerShares Capital Management LLC is leading the Intelligent ETF Revolution® through its family of more than 140 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 $97 billion as of November 30, 2013, PowerShares ETFs trade on both US stock exchanges. For more information, please visit us at invescopowershares.com or follow us on Twitter @PowerShares.

Invesco Ltd. is a leading independent global investment management firm, 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 clients around the world. Operating in more than 20 countries, the firm is listed on the New York Stock Exchange under the symbol IVZ. Additional information is available at www.invesco.com.

Important Risk Information There are risks involved with investing in ETFs, including possible loss of money. Shares are not actively managed and are subject to risks similar to those of stocks, including those regarding short selling and margin maintenance requirements. Ordinary brokerage commissions apply. The Funds' return may not match the return of the Underlying Index.

Investments focused in a particular industry are subject to greater risk, and are more greatly impacted by market volatility, than more diversified investments.

The Funds are considered non-diversified and may be subject to greater risks than a diversified fund.

Note: Not all products are available through all firms.

Not FDIC Insured | May Lose Value | No Bank Guarantee Shares are not individually redeemable and owners of the shares may acquire those shares from the Fund and tender those shares for redemption to the Fund in Creation Units only, typically consisting of aggregations of 50,000, 75,000, 100,000 or 200,000 shares.

Invesco Distributors, Inc. is the distributor of the PowerShares Exchange-Traded Fund Trust II. Invesco Distributors Inc. is not affiliated with Dorsey, Wright & Associates, LLC.

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.

An investor should consider the Funds' investment objectives, risks, charges and expenses carefully before investing. 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.

(NYSEARCA: PWO) (NYSEARCA: PYZ) (NYSEARCA: PEZ) (NYSEARCA: PSL) (NYSEARCA: PXI) (NYSEARCA: PFI) (NYSEARCA: PTH) (NYSEARCA: PRN) (NYSEARCA: PTF) (NYSEARCA: PUI) (NYSEARCA: KBWX) (NASDAQ: PMNA) (NYSEARCA: PIQ) (NYSEARCA: PXN)

Media Contacts: Kristin Sadlon Porter Novelli 212-601-8192 Email Contact Bill Conboy 303-415-2290 Email Contact

Invesco Trust Invesco Do... (NASDAQ:PSL)
Historical Stock Chart
From Oct 2024 to Nov 2024

Invesco Trust Invesco Do... (NASDAQ:PSL)
Historical Stock Chart
From Nov 2023 to Nov 2024