PowerShares Canada to terminate two ETFs

TORONTO, Jan. 16, 2015 /CNW/ - PowerShares Canada today announced that it will terminate PowerShares S&P/TSX Composite High Beta Index ETF ("THB") and PowerShares S&P 500 High Beta (CAD Hedged) Index ETF ("UHB") [the "ETFs"] effective the close of business on or about April 6, 2015.

Effective close of business March 20, 2015, no further direct subscriptions for units of the ETFs will be accepted by PowerShares Canada. Requests for exchanges of units of the ETFs for securities can be placed with PowerShares Canada by eligible investors until March 30, 2015. Requests for redemptions of units of the ETFs for cash can be placed by eligible investors until the date of termination.

The ETFs will continue to be listed on the Toronto Stock Exchange (TSX) until the close of business on or about March 31, 2015, when they are expected to be delisted from the TSX, at the request of PowerShares Canada.

Shortly after termination of the ETFs, PowerShares Canada will distribute the proceeds of the liquidation of each ETF, less all liabilities and expenses incurred in connection with the termination, if applicable, to the ETFs' unitholders.

To learn more, 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 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.ca.

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.

S&P^®, S&P 500^®, and S&P 500 High Beta Index™ are trademarks of Standard & Poor's Financial Services LLC and have been licensed for use by S&P Dow Jones Indices LLC and sublicensed for certain purposes by Invesco Canada Ltd. The S&P 500 High Beta Index (CAD Hedged) is a product of S&P Dow Jones Indices LLC, and has been licensed for use by Invesco Canada Ltd. Invesco Canada Ltd.'s PowerShares S&P 500 High Beta (CAD Hedged) Index ETF is not sponsored, endorsed, sold or promoted by S&P Dow Jones Indices LLC or its affiliates and none of S&P Dow Jones Indices LLC or its affiliates make any representation regarding the advisability of investing in such product.

S&P^® is a registered trademark of Standard & Poor's Financial Services LLC and has been licensed for use by S&P Dow Jones Indices LLC and sublicensed for certain purposes by Invesco Canada Ltd. TSX is a trademark of TSX Inc. ("TSX") and has been licensed for use by S&P Dow Jones Indices LLC and Invesco Canada Ltd. The S&P/TSX Composite High Beta Index is a product of S&P Dow Jones Indices LLC, and has been licensed for use by Invesco Canada Ltd. Invesco Canada Ltd.'s PowerShares S&P/TSX Composite High Beta Index ETF is not sponsored, endorsed, sold or promoted by S&P Dow Jones Indices LLC or its affiliates or TSX and none of S&P Dow Jones Indices LLC or its affiliates or TSX make any representation regarding the advisability of investing in such product.

PowerShares Canada is a registered business name of 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., 2015

SOURCE Invesco Canada Ltd.

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