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PowerShares DB US Dollar Bullish ETF Message Board

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  • noodlzgtj noodlzgtj Nov 5, 2009 1:24 PM Flag


    13:23 UUP PowerShares DB USD Bull to temporarily suspend the issuance of additional Creation Baskets (22.49 -0.02) -Update-

    On November 3, 2009, PowerShares DB US Dollar Index Bullish Fund (the "Fund"), a series of PowerShares DB US Dollar Index Trust (the "Trust"), announced in a Current Report on Form 8-K that 6,600,000 of its Shares registered with the Securities and Exchange Commission (the "SEC") were available for purchase by the Fund's Authorized Participants. As stated in its current prospectus, the Fund creates and redeems Shares in blocks of 200,000 Shares called "Creation Baskets" and "Redemption Baskets," respectively. Only Authorized Participants may purchase or redeem Creation Baskets or Redemption Baskets. As of November 5, 2009, the Fund issued all of the remaining Shares to its Authorized Participants. As a result of these issuances, the Fund will temporarily suspend the issuance of additional Creation Baskets until the registration statement on Form S-3 (333-162819, 333-162819-05) which was initially filed on November 2, 2009 and registers an additional 100,000,000 Shares of the Fund has been cleared by the SEC, the Financial Industry Regulatory Authority and the National Futures Association. The Fund will issue a subsequent Current Report on Form 8-K to announce the effectiveness of the Registration Statement and its ability to resume offering Creation Baskets to its Authorized Participants. The suspension of the issuance of Creation Baskets has no effect on the ability of Authorized Participants to redeem Redemption Baskets. Any forward-looking statements in this Current Report are based on expectations of DB Commodity Services LLC, the managing owner of the Trust and the Fund ("DBCS") at this time.

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