Company: EUO
Filing Date: 2025-05-29
Form Type: 8-K
Source: 0001193125-25-130703
Chunk: 0

Company: ProShares Trust II
Filing Date: 2025-05-29
Form: 8-K
Item: Item 8.01
Chunk 0
---
Item 8.01. Other Events

On May 28, 2025, ProShare Capital Management LLC, on behalf of ProShares Trust II, issued a press release announcing a forward share split (“ Forward Split”) on ProShares Ultra Gold (NYSE Arca, Inc. ticker symbol “ UGL”) and a reverse share split (“ Reverse Split”) on ProShares UltraShort Gold (NYSE Arca, Inc. ticker symbol “ GLL”). The Splits will not change the value of a shareholder’s investment.

Forward Splits

ProShares Ultra Gold will execute a 4:1 Forward Split of its shares. The Forward Splits will be effective prior to the market open on June 13, 2025, when the Fund begins trading at its post- Forward Split price. The ticker symbol for the Fund will not change. The Forward Split will decrease the price per share of the Fund with a proportionate increase in the number of its shares outstanding. Specifically, for ProShares Ultra Gold every pre-ForwardSplit share held by a Fund shareholder will result in the receipt of 4 post-Forward Split shares, which will be priced one quarter the net asset value of a pre-ForwardSplit share.

Reverse Split

ProShares UltraShort Gold will execute a 1 for 2 Reverse Split of its shares. The Reverse Split will be effective prior to the market open on June 13, 2025, when the Fund begins trading at its post-Reverse Split price. The ticker symbol for the Fund will not change, but the Fund will be issued a new CUSIP number: ProShares UltraShort Gold (new CUSIP number “74347Y714”). The Reverse Split will increase the price per share of the Fund with a proportionate decrease in the number of shares outstanding. Specifically, for ProShares Ultrashort Gold every 2 pre-Reverse Split shares held by a Fund shareholder will result in the receipt of one post-Reverse Split share, which will be priced 2 times higher than the net asset value of a pre-ReverseSplit share. For Fund shareholders who hold quantities of shares that are not an exact multiple of the applicable Reverse Split ratio (i. e., not a multiple of 2), the Reverse Split will result in the creation of a fractional share. Post-Reverse Split fractional shares will be redeemed for cash and sent to the shareholder’s broker of record. This redemption may cause some shareholders to realize gains or losses, which could be a taxable event for those shareholders.

ProShare Capital