PowerShares Canada announces annual reinvested distributions for 2015 for TSX-listed PowerShares ETFs

TORONTO, Dec. 17, 2015 /CNW/ - PowerShares Canada today announced annual distributions for 2015 for the PowerShares exchange-traded funds (ETFs) listed on the Toronto Stock Exchange. Unitholders of record on December 30, 2015 will receive these distributions, which will generally consist of capital gains only. The ex-dividend date will be December 24, 2015. The distributions will be reinvested and the resulting units immediately consolidated, so that the number of units held by each investor will not change and there will be an increase in the adjusted cost base of the investment. Investors holding their units outside registered plans will also have taxable amounts to report.

Monthly and quarterly cash distribution will be reported separately. The tax characteristics for all distributions declared in 2015 will be reported before the end of February 2016.

PowerShares ETF name	Ticker symbol^†		Annual distribution per unit ($)
Asset allocation
PowerShares Low Volatility Portfolio ETF – CAD	PLV		0.04204
Fixed income
PowerShares Tactical Bond ETF	PTB		0.00000
PowerShares 1-3 Year Laddered Floating Rate Note Index ETF	PFL		0.00000
PowerShares 1-5 Year Laddered Investment Grade Corporate Bond Index ETF	PSB		0.00000
PowerShares LadderRite U.S. 0-5 Year Corporate Bond Index ETF – CAD	USB		0.07501
PowerShares LadderRite U.S. 0-5 Year Corporate Bond Index ETF – USD	USB.U		0.05424
PowerShares Ultra Liquid Long Term Government Bond Index ETF	PGL		0.00000
PowerShares Senior Loan (CAD Hedged) Index ETF	BKL		0.00000
PowerShares Fundamental High Yield Corporate Bond (CAD Hedged) Index ETF	PFH		0.00000
Equity income
PowerShares Canadian Preferred Share Index ETF	PPS		0.00000
PowerShares Canadian Dividend Index ETF	PDC		0.00000
PowerShares Global Shareholder Yield ETF – CAD	PSY		0.03301
PowerShares Global Shareholder Yield ETF – USD	PSY.U		0.02387
Low-volatility equity
PowerShares S&P/TSX Composite Low Volatility Index ETF	TLV		0.00000
PowerShares S&P 500 Low Volatility (CAD Hedged) Index ETF	ULV		0.00000
PowerShares S&P International Developed Low Volatility Index ETF	ILV		0.00000
PowerShares S&P Emerging Markets Low Volatility Index ETF	ELV		0.00000
Fundamental Index^® methodology equity
PowerShares FTSE RAFI Canadian Fundamental Index ETF	PXC		0.16705
PowerShares FTSE RAFI Canadian Small-Mid Fundamental Index ETF	PZC		0.00000
PowerShares FTSE RAFI U.S. Fundamental Index ETF – CAD	PXS		0.00000
PowerShares FTSE RAFI U.S. Fundamental Index ETF – USD	PXS.U		0.00000
PowerShares FTSE RAFI U.S. Fundamental (CAD Hedged) Index ETF	PXU		0.00000
PowerShares FTSE RAFI Global+ Fundamental Index ETF – CAD	PXG		0.00000
PowerShares FTSE RAFI Global+ Fundamental Index ETF – USD	PXG.U		0.00000
PowerShares FTSE RAFI Global Small-Mid Fundamental ETF – CAD	PZW		0.00304
PowerShares FTSE RAFI Global Small-Mid Fundamental ETF – USD	PZW.U		0.00220
U.S. equity
PowerShares QQQ (CAD Hedged) Index ETF	QQC		0.00000

^† A ticker symbol ending with ".U" represents U.S.-dollar-denominated units. Distributions are paid in U.S. dollars. U.S.-dollar-denominated units do not provide a currency hedge between the Canadian dollar and the U.S. dollar.

To learn more about PowerShares Canada's smart beta ETFs and funds, visit www.powershares.ca, or connect with Invesco Canada on Twitter (@InvescoCanada), LinkedIn or Facebook.

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.com.

Commissions, management fees and expenses may be associated with investments in 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.

Investors should be aware of the risks associated with data sources and quantitative processes used in our investment management process. Errors may exist in data acquired from third-party vendors, the construction of model portfolios and in coding related to the index and portfolio construction process. While Research Affiliates takes steps to identify data and process errors so as to minimize the potential impact of such errors on index and portfolio performance, we cannot guarantee that such errors will not occur.

FTSE^® is a trade mark owned by the London Stock Exchange Group companies and is used by FTSE International Limited ("FTSE") under licence. The FTSE RAFI^® Index Series is calculated by FTSE in conjunction with Research Affiliates, LLC ("RA"). Neither FTSE nor RA sponsor, endorse or promote this product and are not in any way connected to it and do not accept any liability in relation to its issue, operation and trading. Any intellectual property rights in the index values and constituent list vests in FTSE.

"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.

NASDAQ^®, OMX^®, and NASDAQ OMX^® are registered trademarks of The NASDAQ OMX Group, Inc. ("NASDAQ OMX") and LadderRite^® is a registered trademark of LadderRite Portfolios LLC ("LadderRite"). NASDAQ^®, OMX^®, NASDAQ OMX^® and LadderRite^® are collectively the "Marks". The Marks are used under licence to PowerShares Capital Management LLC and Invesco Canada Ltd. The Product(s) have not been passed on by NASDAQ OMX or LadderRite as to their legality or suitability. The Product(s) are not issued, endorsed, sold, or promoted by NASDAQ OMX or LadderRite, and NASDAQ OMX AND LADDERRITE MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE PRODUCT(S).

FTSE TMX Global Debt Capital Markets Inc. ("FTDCM"), FTSE International Limited ("FTSE"), the London Stock Exchange Group companies (the "Exchange") or TSX Inc. ("TSX" and together with FTDCM, FTSE and the Exchange, the "Licensor Parties"). The Licensor Parties make no warranty or representation whatsoever, expressly or impliedly, either as to the results to be obtained from the use of the FTSE TMX Canada Investment Grade 1-5 Year Laddered Corporate Bond Index, FTSE TMX Canada Ultra Liquid Long Government Bond Index and FTSE TMX Canada 1-3 Year Laddered Floating Rate Note Index (the "Index") and/or the figure at which the said Index stands at any particular time on any particular day or otherwise. The Index is compiled and calculated by FTDCM and all copyright in the Index values and constituent lists vests in FTDCM. The Licensor Parties shall not be liable (whether in negligence or otherwise) to any person for any error in the Index and the Licensor Parties shall not be under any obligation to advise any person of any error therein.

"TMX" is a trade mark of TSX Inc. and is used under licence. "FTSE^®" is a trade mark of FTSE International Limited in Canada, and "Taiwan and FTSE^®" is a trade mark of the London Stock Exchange Group companies in the rest of the world, and is used by FTDCM under licence.

LSTA^® is a registered trademark of Loan Syndications and Trading Association and has been licensed for use by S&P Dow Jones Indices LLC and 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.

S&P^®, S&P 500^®, S&P 500 Low Volatility Index^®, and S&P 500 High Beta Index^TM are 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.

The S&P/TSX Composite Low Volatility Index, S&P 500 Low Volatility Index (CAD Hedged), S&P BMI International Developed Low Volatility Index, S&P BMI Emerging Markets Low Volatility Index and S&P/LSTA U.S. Leverage Loan 100 Index (CAD Hedged) (the "Indices") are products of S&P Dow Jones Indices LLC, and has been licensed for use by Invesco Canada Ltd. Invesco Canada Ltd.'s PowerShares Index ETFs are not sponsored, endorsed, sold or promoted by S&P Dow Jones Indices LLC, its affiliates, LST, or TSX, and none of such parties make any representation regarding the advisability of investing in such a 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 PowerShares Canada

Aysha Mawani, Vice President, Corporate Affairs, Tel: [phone], [email protected]