STAMFORD, CT--(Marketwired - July 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, an estimated 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 estimated distribution information is provided in the tables below:
|| ||Record Date
|| ||Distribution Payment Date
|| ||AccuShares S&P GSCI Crude Oil Excess Return Up Shares
|| ||July 18, 2016
|| ||July 20, 2016
|| ||July 22, 2016
|| ||AccuShares S&P GSCI Crude Oil Excess Return Down Shares
|| ||July 18, 2016
|| ||July 20, 2016
|| ||July 22, 2016
| || || || || || || || || |
Estimated Distribution Amount Information:
|| ||Closing Index Value as of July 15, 2016
|| ||Post-Distribution Share Index Factor*
|| ||Post-Distribution Class Value per Share*
|| ||Net Income Distribution Amount per share
|| ||Regular Distribution Amount per share**
||AccuShares S&P GSCI Crude Oil Excess Return Up Shares
||AccuShares S&P GSCI Crude Oil Excess Return Down Shares
| || || || || || || || || || || || |
* As defined in the Fund's prospectus.
** A portion of the distribution includes a return of capital.
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.
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.
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.
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.
The "The S&P GSCI® Crude Oil" is a product of S&P Dow Jones Indices LLC or its affiliates ("SPDJI") and, and has been licensed for use by AccuShares Management LLC. Standard & Poor's® and S&P® are registered trademarks of Standard & Poor's Financial Services LLC ("S&P"); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by AccuShares Management LLC. AccuShares Crude Oil Fund is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P GSCI Crude Oil.
Foreside Fund Services, LLC Marketing Agent