Company: EUO
Filing Date: 2025-03-27
Form Type: 424B3
Source: 0001193125-25-065644
Chunk: 173

Company: ProShares Trust II
Filing Date: 2025-03-27
Form: 424B3
Chunk 173
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 owners who have suffered losses in connection with the purchase or sale of their beneficial interests may be able to recover such losses from the Sponsor where the losses result from a violation by the Sponsor of the anti-fraud provisions of the federal securities laws. Under certain circumstances, shareholders also have the right to institute a reparations proceeding before the CFTC against the Sponsor (a registered commodity pool operator), an FCM, as well as those of their respective employees who are required to be registered under the CEA, and the rules and regulations promulgated thereunder. Private rights of action are conferred by the CEA. Investors in futures and in commodity pools may, therefore, invoke the protections provided thereunder. The foregoing summary describing in general terms the remedies available to shareholders under federal law is based on statutes, rules and decisions as of the date of this Prospectus. As this is a rapidly developing and changing area of the law, shareholders who believe that they may have a legal cause of action against any of the foregoing parties should consult their own counsel as to their evaluation of the status of the applicable law at such time. Ownership or Beneficial Interest in the Funds As of the date of this Prospectus, the Sponsor does not own any Shares of ProShares VIX Mid-Term Futures ETF, the Natural Gas Funds, the UltraShort Gold Fund, the UltraShort Silver Fund, the Ultra Euro Fund, the UltraShort Euro Fund, the Ultra Yen Fund or the UltraShort Yen Fund. As of the date of this Prospectus, the principals of the Sponsor do not own more than a de minimis amount of shares in any Fund. Although the Sponsor and its trading principals ( i.e ., those principals that are responsible for or oversee the Funds’ trading decisions) do not currently trade or hold commodity interests that could be held by the Funds for their own accounts as of the date of this Prospectus, the Sponsor and its principals reserve the right to trade commodity interests for their own accounts. Fund investors will not be permitted to inspect the records of such person’s trades or any written policies related to such trading. Management; Voting by Shareholders The shareholders of the Funds take no part in the management or control, and have no voice in the Trust’s operations or business. The Sponsor has the right unilaterally to amend the Trust Agreement as it applies to the Funds provided that the shareholders have the right to vote only if expressly required under Delaware or federal law or rules or regulations of the Exchange, or if submitted to the shareholders by the Sponsor in