In an effort to position its business for future growth opportunities and to align its family of ETFs with the changing investment landscape, Invesco PowerShares announced today (Friday) that it plans to close 19 of its ETFs. The affected funds represent less than 1% of Invesco PowerShares' total assets.

"After carefully evaluating numerous factors including shareholder considerations, length of time on the market, asset levels and the potential for future growth, we proposed closing certain portfolios that have not gained sufficient acceptance with investors," said Bruce Bond, president and CEO of Invesco PowerShares. "We remain fully committed to the ETF industry and expect to offer new, exciting products in the months ahead."

At a May 1, 2009 meeting, the PowerShares Funds Board of Trustees approved the closings. May 18, 2009 will be the final day of trading on The NASDAQ Stock Market LLC ("NASDAQ") and NYSE Arca, Inc. ("NYSE Arca") for the affected ETFs (collectively, the "Funds") listed below:

Name Ticker Symbol
PowerShares Dynamic Aggressive Growth PortfolioPGZ
PowerShares Dynamic Asia Pacific PortfolioPUA
PowerShares Dynamic Deep Value PortfolioPVM
PowerShares Dynamic Europe PortfolioPEH
PowerShares Dynamic Hardware & Consumer Electronics PortfolioPHW
PowerShares FTSE RAFI Asia Pacific ex-Japan Small-Mid PortfolioPDQ
PowerShares FTSE RAFI Basic Materials Sector PortfolioPRFM
PowerShares FTSE RAFI Consumer Goods Sector PortfolioPRFG
PowerShares FTSE RAFI Consumer Services Sector PortfolioPRFS
PowerShares FTSE RAFI Energy Sector PortfolioPRFE
PowerShares FTSE RAFI Europe Small-Mid PortfolioPWD
PowerShares FTSE RAFI Financials Sector PortfolioPRFF
PowerShares FTSE RAFI Health Care Sector PortfolioPRFH
PowerShares FTSE RAFI Industrials Sector PortfolioPRFN
PowerShares FTSE RAFI International Real Estate PortfolioPRY
PowerShares FTSE RAFI Telecommunications & Technology Sector PortfolioPRFQ
PowerShares FTSE RAFI Utilities Sector PortfolioPRFU
PowerShares High Growth Rate Dividend Achievers PortfolioPHJ
PowerShares International Listed Private Equity PortfolioPFP

In early May 2009, the Funds will begin the process of closing down and liquidating their respective portfolios. This process will cause each Fund's holdings to deviate from the securities included in its underlying index and each Fund to increase its cash holdings, which may lead to increased tracking error.  Effective May 19, 2009, the Funds will be closed to new investors.

Shareholders may sell their holdings prior to May 19, 2009, and may incur typical transaction fees from their broker-dealer.  Shareholders of record on the close of business on May 18, 2009 will receive cash equal to the amount of the net asset value of their shares as of May 22, 2009, which will include any capital gains and dividends, in the cash portion of their brokerage accounts. Shareholders will generally recognize a capital gain or loss equal to the amount received for their shares over their adjusted basis in such shares.

For additional information, shareholders of the ETFs which are scheduled for liquidation may call Invesco PowerShares at 800-983-0903.

Invesco PowerShares is a wholly owned subsidiary of Invesco Ltd., a leading independent global investment management firm dedicated to helping people worldwide build their financial security. Invesco provides a comprehensive array of enduring investment solutions for retail, institutional and high-net-worth clients around the world. Operating in 20 countries, the firm is listed on the New York Stock Exchange under the symbol "IVZ." Additional information is available at

There are risks involved with investing in ETFs, including possible loss of money. Shares of the affected Funds are not actively managed. Ordinary brokerage commissions apply.

Invesco PowerShares does not offer tax advice. Please consult a tax advisor for advice regarding your specific situation.

Shares are not FDIC insured, may lose value and have no bank guarantee.