Over the weekend, our third-party administrator (The Bank of New York Mellon) experienced a technical malfunction resulting in it being unable to calculate the NAV for its ETF clients, including the PowerShares ETFs. We are working aggressively with the Administrator to resolve this issue. In the interim, in consultation with our Administrator and the Exchanges, we are disseminating the NAV last calculated at market close on Tuesday, August 25 and the iNAV last calculated at market close on Thursday, August 27, as the reference point for calculating today’s indicative net asset value. The NAV for Wednesday, August 26, will be made available as soon as it is calculated and disseminated by the Administrator. For additional information please contact PowerShares at 1-800-983-0903.
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