Invesco PowerShares will close 10 ETFs

CHICAGO – October 8, 2010 – Invesco PowerShares Capital Management LLC, a leading global provider of exchange-traded funds (ETFs) with more than $50 billion in franchise assets, announced changes to its PowerShares family, one of the broadest in the marketplace today. In a continuing effort to proactively address the growing needs of investors in ETFs and to position its business for future growth opportunities, Invesco PowerShares announced that it plans to close 10 of its ETFs. The affected funds represent less than 1% of Invesco PowerShares’ total assets.

“We regularly review portfolios carefully evaluating numerous factors such as investment results, length of time in the market, investor interest, and the potential for future growth," said Ben Fulton, Invesco PowerShares managing director of global ETFs. “Based on this assessment, we believe that it’s in the best interest of our investors that we refocus our resources on areas that we believe are of greater client interest. As a pioneer and one of the leading innovators in the ETF industry, Invesco PowerShares continues to be fully committed to maintaining and developing a comprehensive product line. We have actively introduced several innovative ETFs to the market in the past year and we anticipate introducing new products in the months ahead.”

At an Oct. 5, 2010 meeting, the PowerShares Funds Board of Trustees approved the closings. The final day of trading on The NASDAQ Stock Market LLC (“NASDAQ”) and NYSE Arca, Inc. (“NYSE Arca”) will be Dec. 14, 2010.

Shareholders may sell their holdings on or before Dec. 14, 2010, and may incur typical transaction fees from their broker-dealer. Shareholders who do not sell their holdings on or before Dec. 14, 2010, will receive cash equal to the amount of the net asset value of their shares, which will include any capital gains and dividends, in the cash portion of their brokerage accounts on the liquidation date (currently scheduled for Dec. 21, 2010). Shareholders will generally recognize a capital gain or loss equal to the amount received for their shares over their adjusted basis in such shares.

The affected ETFs are listed below:

Name (Ticker Symbol)
PowerShares Dynamic Healthcare Services Portfolio (PTJ)
PowerShares Dynamic Telecommunications & Wireless Portfolio (PTE)
PowerShares FTSE NASDAQ Small Cap Portfolio (PQSC)
PowerShares FTSE RAFI Europe Portfolio (PEF)
PowerShares FTSE RAFI Japan Portfolio (PJO)
PowerShares Global Biotech Portfolio (PBTQ)
PowerShares Global Progressive Transportation Portfolio (PTRP)
PowerShares NASDAQ-100 BuyWrite Portfolio (PQBW)
PowerShares NXQ Portfolio (PNXQ)
PowerShares Zacks Small Cap Portfolio (PZJ)

For additional information, shareholders of the ETFs which are scheduled for liquidation may call Invesco PowerShares at 800-983-0903.