AccuShares(R) Investment Management, LLC ("Accushares") Announces Regular and Net Income (If Applicable) Distributions for Both AccuShares S&P GSCI Crude Oil Excess Return Up Shares and Down Shares
/EINPresswire.com/ -- STAMFORD, CT--(Marketwired - August 15, 2016) - AccuShares, as sponsor of the AccuShares Trust I (formerly known as the AccuShares Commodity Trust I) (the "Trust"), today announces a Regular Distribution and, if applicable, a 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 relevant 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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AccuShares S&P
GSCI Crude Oil
OILU Excess Return Up August 16, 2016 August 18, 2016 August 22, 2016
Shares
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AccuShares S&P
GSCI Crude Oil
OILD Excess Return Down August 16, 2016 August 18, 2016 August 22, 2016
Shares
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Distribution Amount Information:
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Closing
Index
Value Post- Post- Net Income Regular
as of Distribution Distribution Distribution Distribution
NASDAQ August Share Index Class Value Amount per Amount per
Ticker Name 15, 2016 Factor* per Share* share share**
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AccuShares
S&P GSCI
Crude Oil
OILU Excess 157.63 0.15358752 $24.21 $0.000000 $0.000000
Return Up
Shares
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AccuShares
S&P GSCI
Crude Oil
OILD Excess 157.63 -0.15358752 $24.21 $0.000000 $1.114250
Return
Down
Shares
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* As defined in the Fund's prospectus. ** A portion of the distribution includes a return of capital.
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
Foreside Fund Services, LLC Marketing Agent
AccuShares Investor Service Center
1-855-286-7866
info@accushares.com
