other material
confidence high
sentiment negative
materiality 0.70
ProShares liquidating eight ETFs including CROC and EUFX; last trading May 2, 2022
ProShares Trust II
- Eight ETFs to be liquidated: ALTS, DDG, EMSH, FUT, RALS, SBM, CROC, EUFX.
- Last day for creation/redemption orders is May 2, 2022; trading halted before market open May 3.
- After May 3, funds will not trade on exchanges and will liquidate portfolios.
- Proceeds distributed on/about May 12 (Trust) or May 17 (Trust II); remaining holders redeemed at NAV.
- Liquidation is a taxable event; funds will not be managed to their investment objectives during liquidation.