ProShares, a manager of leveraged and inverse exchange-traded funds, estimates that none of its 99 equity and fixed income ETFs will pay any 2010 capital gain distributions.
“A goal of ProShares is to provide investors with opportunities to manage risk and seek returns while also providing them with tax efficiency,” says Michael L. Sapir, chairman and chief executive of ProShare Advisors. “As a result, we are pleased to announce that we expect no capital gain distributions this year.”
Estimates of capital gain distributions are subject to change.
