PowerShares Canada to adjust NAV on two ETFs

TORONTO, March 12, 2013 /CNW/ - PowerShares Canada announced today that it 
will adjust the net asset value ("NAV") of two TSX-listed PowerShares 
exchange-traded funds (the "ETFs"), effective Wednesday, March 13, 2013. 
PowerShares Fundamental High Yield Corporate Bond (CAD Hedged) Index ETF [TSX: 
PFH] and PowerShares Senior Loan (CAD Hedged) Index ETF [TSX: BKL] invest in 
one or more U.S. Regulated Investment Companies ("RICs") that earn and 
distribute qualified interest-related dividends. 
The NAV adjustments are a result of the American Taxpayer Relief Act of 2012 
(the "Act"), which was signed into law on January 2, 2013. The Act 
retroactively extended the U.S. withholding tax exemption for qualifying 
income distributed by the relevant RICs to foreign entities, including the 
ETFs. 
The ETFs had previously benefited from an exemption from U.S. withholding tax 
on qualifying income received from investments in RICs. The law granting that 
exemption expired in 2012, subjecting the ETFs to withholding tax at a rate of 
15% for part of the year. 
Recognizing the value this exemption provides to investors, PowerShares Canada 
has reclaimed that portion of the taxes withheld in 2012. 
The ETFs will record a tax reclaim amount on March 13, 2013, which will result 
in an increase in the NAV and NAV per unit of the ETFs. 
The NAV adjustments are as follows:  
 _____________________________________________________________________
|                                          |           |    NAVPS     |
|                                          |           |impact ($ per |
|Fund Name                                 |Fund Ticker|    share)    |
|__________________________________________|___________|______________|
|PowerShares Fundamental High Yield        |           |              |
|Corporate Bond (CAD Hedged) Index ETF     |      PFH  |     0.08431  |
|__________________________________________|___________|______________|
|PowerShares Senior Loan (CAD Hedged) Index|           |              |
|ETF                                       |      BKL  |     0.01654  |
|__________________________________________|___________|______________| 
To learn more about TSX-listed PowerShares ETFs, please visit 
www.powershares.ca. 
About Invesco Canada Ltd. 
Invesco Canada Ltd., operating under three distinct yet complementary product 
brands (Trimark, Invesco and PowerShares), is one of Canada's leading 
investment management companies. A subsidiary of Invesco Ltd., Invesco 
Canada's singular focus is on investment management, offering a diversified 
suite of solutions to institutions, organizations, companies and individual 
investors across Canada and around the world. Additional information is 
available at www.invesco.ca. 
About Invesco Ltd. 
Invesco Ltd. is a leading independent global investment management firm 
dedicated to helping investors worldwide achieve their financial objectives. 
By delivering the combined power of our distinctive investment management 
capabilities, Invesco provides a wide range of investment strategies and 
vehicles to our retail, institutional and high-net-worth clients around the 
world. Operating in more than 20 countries, the firm is listed on the New York 
Stock Exchange under the symbol IVZ. Additional information is available at 
www.invesco.com. 
"Fundamental Index(®)" and/or "Research Affiliates Fundamental Index(®)" 
and/or "RAFI" and/or all other RA trademarks, trade names, patented and 
patent-pending concepts are the exclusive property of Research Affiliates, LLC. 
Commissions, management fees and expenses may all be associated with 
investments in exchange-traded funds (ETFs). ETFs are not guaranteed, their 
values change frequently and past performance may not be repeated. Please read 
the prospectus before investing. Copies are available from Invesco Canada Ltd. 
at www.powershares.ca. 
There are risks involved with investing in ETFs. Please read the prospectus 
for a complete description of risks relevant to the ETF. Ordinary brokerage 
commissions apply to purchases and sales of ETF units. 
Most PowerShares ETFs seek to replicate, before fees and expenses, the 
performance of the applicable Index, and are not actively managed. This means 
that the sub-advisor will not attempt to take defensive positions in declining 
markets and the ETF will continue to provide exposure to each of the 
securities in the Index regardless of whether the financial condition of one 
or more issuers of securities in the Index deteriorates. In contrast, if a 
PowerShares ETF is actively managed, then the sub-advisor has discretion to 
adjust that PowerShares ETF's holdings in accordance with the ETF's investment 
objectives and strategies. 
ETFs are not diversified investments. 
PowerShares Canada is registered business name of Invesco Canada Ltd. 
This piece was produced by Invesco Canada Ltd. 
Invesco(®) and all associated trademarks are trademarks of Invesco Holding 
Company Limited, used under licence. PowerShares(®), Leading the Intelligent 
ETF Revolution(®) and all associated trademarks are trademarks of Invesco 
PowerShares Capital Management, LLC (Invesco PowerShares), used under licence. 
© Invesco Canada Ltd., 2013 
Aysha Mawani Vice President, Corporate Affairs Tel: 416.324.7712 
aysha.mawani@invesco.com 
SOURCE: Invesco Canada Ltd. 
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CO: Invesco Canada Ltd.
ST: Ontario
NI: FIN FND FLOWS  
-0- Mar/12/2013 22:39 GMT
 
 
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