ProShares, a premier provider of alternative exchange traded funds (ETFs), announced today share splits on four of its ETFs and reverse share splits on 20 of its ETFs. The splits and reverse splits will not change the value of a shareholder's investment.

Splits

Three funds will split shares 2-for-1.
Ticker   Fund   Split Ratio
TQQQ   ProShares UltraPro QQQ®   2:1
URTY   ProShares UltraPro Russell2000   2:1
UMDD   ProShares UltraPro MidCap400   2:1
   

One fund will split shares 3-for-1.
Ticker   Fund   Split Ratio
UPRO   ProShares UltraPro S&P500®   3:1
   

All splits will apply to shareholders of record as of the close of the markets on February 22, 2011, payable after the close of the markets on February 24, 2011. The funds will trade at their post-split prices on February 25, 2011. The ticker symbols and CUSIP numbers for the funds will not change, and all will continue to trade on NYSE Arca.

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