ProShares Trust II
For the period ended Mar 20, 2024. Filed Mar 20, 2024.
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A notice of a major event between regular reports, such as results, a deal or a change of executives. It is often the first formal record of the news.
Mar 20, 2024 · Filed Mar 20, 2024
Contents
EX-99.1 · Reverse Splits—Phase Two
Reverse Splits—Phase Two
One ETF will reverse split shares at the following split ratio:
| Ticker | ProShares ETF | Split Ratio | Old CUSIP | New CUSIP |
|---|---|---|---|---|
| UVXY | ProShares Ultra VIX Short-Term Futures | 1:5 | 74347Y771 | 74347Y755 |
The reverse split for phase two will be effective prior to market open on April 11, 2024, when the fund will begin trading at its post-split price. The ticker symbol for the fund will not change. The fund undergoing a reverse split will be issued a new CUSIP number, 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 aone-for-five reverse split, every fivepre-split shares will result in the receipt of one post-split share, which will be priced five times higher than the NAV of apre-split share.
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