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Michael L Sapir, Chairman and CEO of ProShare Advisors LLC

ProShares ETFs announce zero capital gain distributions

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ETF provider ProShares expects that none of its 108 equity and fixed-income exchange traded funds will pay any 2011 capital gain distributions.

"Tax efficiency is a key investor benefit that ETF providers strive to deliver," says Michael L Sapir (pictured), Chairman and CEO of ProShare Advisors LLC, ProShares’ investment advisor. "We expect 2011 to be the second consecutive year that shareholders of ProShares ETFs will not have received any capital gain distributions."

 

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