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ProFunds Announces Mutual Fund Share Splits

Share Split of One Fund; Reverse Share Splits of Four Funds

Bethesda, MD, November 8, 2012 — ProFunds, a premier provider of alternative mutual funds, announced today share splits on one of its mutual funds and reverse share splits on four of its mutual funds. The splits and reverse splits will not change the value of a shareholder's investment.

Splits

One fund will split shares 6-for-1.

Fund Investor Class Service Class Split Ratio
Internet UltraSector INPIX INPSX 6:1


The split will apply to shareholders of record as of the close of the markets on November 16, 2012. The fund will trade at its post-split price on November 19, 2012. The ticker symbol and CUSIP number for the fund will not change.

The split will decrease the price per share of the fund with a proportionate increase in the number of shares outstanding. For example, for a 6-for-1 split, every pre-split share held by a shareholder will result in the receipt of six post-split shares, which will be priced at one-sixth of the net asset value ("NAV") of a pre-split share.

Illustration of a Split

The following table shows the effect of a hypothetical 6-for-1 split:

Period # of Shares Owned Hypothetical NAV Value of Shares
Pre-Split 100 $60.00 $6,000.00
Post-Split 600 $10.00 $6,000.00

Reverse Splits

 

Two funds will reverse split shares 1-for-3

Fund Investor Class Service Class Split Ratio
Banks UltraSector BKPIX BKPSX 1:3
UltraShort Dow 30 UWPIX UWPSX 1:3

One fund will reverse split shares 1-for-4

Fund Investor Class Service Class Split Ratio
UltraBear URPIX URPSX 1:4

One fund will reverse split shares 1-for-7.

Fund Investor Class Service Class Split Ratio
UltraShort MidCap UIPIX UIPSX 1:7

All reverse splits will apply to shareholders of record as of the close of the markets on November 16, 2012. The funds will trade at their post-split prices on November 19, 2012. The ticker symbols and CUSIP numbers for the funds will not change.

The reverse splits will increase the price per share of each fund with a proportionate decrease in the number of shares outstanding. For example, for the 1-for-4 reverse splits, every four pre-split shares held by a shareholder will result in the receipt of one post-split share, which will be priced at four times the net asset value ("NAV") of a pre-split share.

Illustration of a Reverse Split

The following table shows the effect of a hypothetical 1-for-4 reverse split:

# of Shares Owned Hypothetical NAV Value of Shares
Pre-Split 1,000 $6.00 $6,000.00
Post-Split 250 $24.00 $6,000.00

About ProFunds

ProFunds is a premier provider of alternative mutual funds offering more than 100 funds.  ProFund Advisors was founded in 1997 and together with its affiliates, ProShare Advisors and ProShare Capital Management, has more than $25 billion of assets under management.1

Media Contact:

Tucker Hewes, Hewes Communications, Inc., (212) 207-9451, tucker@hewescomm.com

Investor Contact

(888) 776-3637, ProFunds.com

Financial Professional Contact

(888) 776-5717, ProFunds.com

1 As of 10/31/2012