Invesco PowerShares Provides Estimated Capital Gains Information for 2014
CHICAGO, IL--(Marketwired - Dec 12, 2014) - Invesco PowerShares Capital Management, LLC, a leading global provider of exchange-traded funds (ETFs), announced today that it expects to deliver capital gains distributions across 9 of 116 equity and fixed-income ETFs for 2014.
"For another year, the majority of Invesco PowerShares' product line did not have capital gains distributions," said Dan Draper, Managing Director and Head of Invesco PowerShares. "This underscores one of the many advantages ETFs can potentially provide shareholders seeking to maximize real returns. As a leader in the Smart Beta revolution, Invesco PowerShares provides investors and financial advisors with the opportunity for potential tax efficiency, trading flexibility, and access to strategies that go beyond market capitalization-weighted indexes."
All but two of these Funds are expected to see long-term capital gains distributions under 1% of net asset value (NAV) per share. These funds include:
ETF Name | Ticker |
Estimated Distribution (per share) Short-Term Gain |
Estimated Distribution (per share) Long-Term Gain |
Total Estimated Distribution (per share) | ||||
PowerShares KBW Bank Portfolio | KBWB | $.015 - $.020 | $.015 - $.020 | |||||
PowerShares KBW Capital Markets Portfolio | KBWC | $.265 - $.30 | $.035 -$.040 | $.30 - $.34 | ||||
PowerShares KBW Property and Casualty Insurance Portfolio | KBWP | $.06 - .07 | $.03 - $.04 | $.09 - $.11 | ||||
PowerShares NYSE Century Portfolio | NYCC | $.02 - $.03 | $.002 - $.004 | $.022 - $.034 | ||||
PowerShares S&P 500 BuyWrite Portfolio | PBP | $.16 - $.18 | $.16 - $.18 | |||||
PowerShares S&P 500 Downside Hedged Portfolio | PHDG | $1.13 - $1.17 | $.10 - .12 | $1.23 - $1.29 | ||||
PowerShares Dynamic Pharmaceuticals Portfolio | PJP | $1.30 - 1.34 | $.34 - $.36 | $1.64 - $1.70 | ||||
PowerShares S&P SmallCap Consumer Staples Portfolio | PSCC | $.14 - $.16 | $.53 - $.56 | $.67 - $.72 | ||||
PowerShares S&P SmallCap Health Care Portfolio | PSCH | $.53 - $.57 | $.86 - $.90 | $1.39 - $1.47 | ||||
Distributions are estimates and subject to change. |
The ex-date for the 2014 capital gains distributions is anticipated to be Wednesday, December 24, 2014. The record date is anticipated to be Monday, December 29, 2014, and the payable date is anticipated to be Wednesday, December 31, 2014.