PURCHASE OF CREATION UNITS. The Trust will offer, issue and sell Ultra and UltraShort ProShares only in Creation Unit Aggregations of a specified number of Shares (50,000), or such other amount of Shares as designated in the relevant Fund’s Prospectus, through SEI on a continuous basis, without a sales load, at their NAV per Share next determined after receipt of a Purchase Order on any Business Day.
PURCHASE OF CREATION UNITS. The Trust will offer, issue and sell Shares only in Creation Unit Aggregations of a specified number of Shares (50,000), or such other amount of Shares as designated in the relevant Fund’s Prospectus, through Administrator on a continuous basis, without a sales load, at their Value per Share next determined after receipt of a Creation Order on any Business Day.
PURCHASE OF CREATION UNITS. The Trust will offer, issue and sell Ultra and UltraShort ProShares only in Creation Unit Aggregations of a specified number of Shares (50,000), or such other amount of Shares as designated in the relevant Fund’s Prospectus, through SEI on a continuous basis, without a sales load, at their NAV per Share next determined after receipt of a Purchase Order on any Business Day. Cash Deposits Creation Units for each Fund will be exchanged only for cash. Creation Units are sold at their NAV, plus a transaction fee. Eligibility To be eligible to place a Purchase Order with SEI, an AP must be a DTC Participant. Cut-Off Time for Purchase Orders SEI must receive all Purchase Orders to purchase Creation Unit Aggregations no later than the times listed below (or such earlier times if so designated). APs should reference the password-protected ProShares Trust II website for cut-off exceptions. Fund Cut-off Time Ultra DJ-AIG Commodity ProShares UltraShort DJ-AIG Commodity ProShares 10:45 A.M. (Eastern time) Ultra DJ-AIG Agriculture ProShares UltraShort DJ-AIG Agriculture ProShares 12:30 P.M. (Eastern time) Ultra DJ-AIG Crude Oil ProShares UltraShort DJ-AIG Crude Oil ProShares 1:30 P.M. (Eastern time) Ultra Gold ProShares UltraShort Gold ProShares 9:00 A.M. (Eastern time) Ultra Silver ProShares UltraShort Silver ProShares 6:00 A.M. (Eastern time) Ultra Euro ProShares UltraShort Euro ProShares Ultra Japanese Yen ProShares UltraShort Japanese Yen ProShares 3:00 P.M. (Eastern time) If Purchase Orders are received by a Fund’s identified Cut-off Time and are accepted by SEI, the Purchase Order will be processed based on the NAV of the Fund as next determined. The date on which a Purchase Order to purchase Creation Unit Aggregations is placed is referred to as the “Transmittal Date.” An AP placing orders for Creation Unit Aggregations of the Funds should afford sufficient time to permit proper submission of the order to SEI prior to the identified Cut-off Time on the Transmittal Date. Purchase Orders received after the Cut-off Time will be processed the next Business Day. Transmittal of Purchase Orders Purchase Orders may be transmitted by an AP to SEI via telephone, facsimile or the internet By telephone: (000) 000-0000 By facsimile: [ ] By internet: [ ] Economic or market disruptions, or telephone or other communication failure may impede the ability to reach SEI or an AP. Delivery of Cash Cash must be transferred directly to Xxxxx Brothers Xxxxxxxx & Co., the Custodian, thro...
PURCHASE OF CREATION UNITS. The Funds will offer, issue and sell Shares only in Creation Unit Aggregations of a specified number of Shares, or such other amount of Shares as designated in the relevant Fund’s Prospectus, through SEI on a continuous basis, without a sales load, at their NAV per Share next determined after receipt of a Purchase Order in proper form on any Business Day. Creation Units are sold at their NAV, plus a transaction fee (if applicable).
