AccuShares(R) Investment Management, LLC ("AccuShares") Announces an Estimated Regular and Net Income (if Applicable) Distributions for Both AccuShares S&P GSCI Crude Oil Excess Return Up Shares and Down Shares
STAMFORD, CT -- (Marketwired) -- 07/08/16 -- AccuShares, as sponsor of the AccuShares Trust I (formerly known as the AccuShares Commodity Trust I) (the "Trust"), today announces an estimated Regular Distribution and, if applicable, an estimated Net Income Distribution for AccuShares S&P GSCI Crude Oil Excess Return Up Shares (NASDAQ: OILU) (the "Up Shares") and S&P GSCI Crude Oil Excess Return Down Shares (NASDAQ: OILD) (the "Down Shares"). The terms Regular Distribution and Net Income Distribution are defined and described in the current prospectus of the AccuShares S&P GSCI Crude Oil Excess Return Fund (the "Fund").
The Estimated Distribution amounts below are calculated as of July 8, 2016 and therefore such information is only an estimate, is subject to change and may be significantly different from the actual distribution amounts to be declared, which will be published on the date of declaration. The Estimated Distribution information below has been determined as if the closing value of the S&P GSCI Crude Oil Excess Return Index (the "Underlying Index") for July 8, 2016 were the closing value of the Underlying Index at the end of the current Regular Distribution measurement period.
The relevant estimated distribution information is provided in the tables below:
Distribution Dates:
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NASDAQ Distribution
Ticker Name Ex-Date Record Date Payment Date
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OILU AccuShares S&P July 18, 2016 July 20, 2016 July 22, 2016
GSCI Crude Oil
Excess Return Up
Shares
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OILD AccuShares S&P July 18, 2016 July 20, 2016 July 22, 2016
GSCI Crude Oil
Excess Return Down
Shares
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Estimated Distribution Amount Information:
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Closing
Index
Value
as of Post- Post- Net Income Regular
July Distribution Distribution Distribution Distribution
NASDAQ 08, Share Index Class Value Amount per Amount per
Ticker Name 2016 Factor* per Share* share share
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OILU AccuShares 159.51 0.15359539 $24.50 $0.000000 $0.000000
S&P GSCI
Crude Oil
Excess
Return Up
Shares
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OILD AccuShares 159.51 -0.15359539 $24.50 $0.000000 $0.992496
S&P GSCI
Crude Oil
Excess
Return
Down
Shares
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* As defined in the Fund's prospectus.
Investor Reassessment:
Investors wishing to maximize exposure to the index tracked by the Fund, the S&P GSCI Crude Oil Excess Return Index, in either direction or investors wishing to compound gains over one or more distribution dates must invest any cash distributed, and sell any shares distributed and invest the sale proceeds thereof, in the class of shares aligned with their investment objectives.
The Fund has been designed to be utilized by investors who are prepared to reassess their holding of the Fund's shares at least as frequently as each distribution date. Investors in the Fund who wish to maintain a maximum exposure, a targeted absolute exposure, or a targeted relative exposure to the Underlying Index over multiple distribution dates should reassess their positions following all cash and share distributions, and all Fund resets relating to the Share Index Factors. The Fund will not compound investor gains or otherwise rebalance investor positions to maximize investor exposure. The Fund is designed to make Regular Distributions of cash and in some cases shares to facilitate regular distribution of investor gains and to promote a deliberate and regular reassessment by investors of their investment in the Fund.
Investors who hold shares over one or more consecutive distribution dates without reassessment of their Fund share portfolio may experience decreased exposure to the Underlying Index as well as a reduced opportunity for gain and loss.
About AccuShares:
Founded in 2011, AccuShares Investment Management, LLC, (www.accushares.com) develops and sponsors innovative exchange traded funds (ETFs) in key alternative asset classes, including oil and volatility. The company holds a series of technology patents that provide the basis for a more institutional approach to constructing index-based products, enhancing tracking accuracy and transparency while reducing fund costs.
Disclosures:
Neither the Trust nor the Fund is an investment company within the meaning of the Investment Company Act of 1940 and neither is subject to regulation thereunder. Although AccuShares is registered as a commodity pool operator with the Commodity Futures Trading Commission ("CFTC"), the Trust and the Fund are not subject to regulation under the Commodities Exchange Act or by the CFTC. Consequently Fund shareholders are not afforded the regulatory protections provided to investors in registered investment companies or commodity pools.
Investing in the Funds involves substantial risk and high volatility, including possible loss of principal. Shares of the Fund are intended for sophisticated, professional and institutional investors. The Fund is not intended to be used as a long-term passive investment vehicle and should be used by investors who understand the risks of the volatility market. Investors expecting the Underlying Index to decline should purchase the Fund's Down Shares, and investors expecting the Underlying Index to increase should purchase the Fund's Up Shares, to align their respective Fund investments with their respective expectations. Please read the Fund's prospectus carefully before investing. The Fund's prospectus can be obtained by clicking the link below.
http://www.accushares.com/resources/vix-fund-prospectus
The Trust is a Delaware statutory trust organized by AccuShares into separate fund series. The Fund's shares represent fractional undivided interests in and ownership of the Fund only and not any other series of the Trust or the Trust as a whole. The Fund offers its shares on a continuous basis and is listed on the NASDAQ.
Disclaimers:
The "The S&P GSCI® Crude Oil" is a product of S&P Dow Jones Indices LLC or its affiliates ("SPDJI") and, and has been licensed for use by AccuShares Management LLC. Standard & Poor's® and S&P® are registered trademarks of Standard & Poor's Financial Services LLC ("S&P"); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by AccuShares Management LLC. AccuShares Crude Oil Fund is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P GSCI Crude Oil.
Foreside Fund Services, LLC Marketing Agent
AccuShares Investor Service Center 1-855-286-7866 info@accushares.com
Source: AccuShares Investment Management
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