Invesco Announces Changes to PowerShares Taxable Municipal Bond Portfolio (BAB) and Corresponding Index

DOWNERS GROVE, Ill., March 10, 2017 /PRNewswire/ -- Invesco (NYSE: IVZ), a leading global provider of exchange-traded funds (ETFs), today announced a change to its product lineup.

As part of the firm's commitment to aligning its fund offerings to meet an evolving investment landscape, PowerShares announced it will change the name, underlying index, investment objective and strategy, for one ETF. The ETF will maintain its current index provider, product ticker and management fee.

The Board of Trustees approved changes to the ETF indicated in the table below. These changes will take effect at market close on May 31, 2017.

About Invesco
Invesco is an independent investment management firm dedicated to delivering an investment experience that helps people get more out of life. NYSE: IVZ; www.invesco.com.

About PowerShares by Invesco
PowerShares by Invesco is leading the Intelligent ETF Revolution^® through its family of more than 140 domestic and international PowerShares exchange-traded funds (ETFs). PowerShares ETFs seek to outperform traditional benchmark indexes while providing advisors and investors access to an innovative array of focused investment opportunities. PowerShares has US franchise assets exceeding $110 billion as of December 30, 2016. For more information, please visit us at powershares.com or follow us on Twitter @PowerShares.

Important Risk Information
There are risks involved with investing in ETFs, including possible loss of money. Shares are not actively managed and are subject to risks similar to those of stocks, including those regarding short selling and margin maintenance requirements. Ordinary brokerage commissions apply. The Fund's return may not match the return of the Underlying Index. The fund is subject to certain other risks. Please see the current prospectus for more information regarding the risk associated with an investment in the Fund.

Investment focused in a particular industry are subject to greater risk, and are more greatly impacted by market volatility, than more diversified investments.

Debt securities are affected by changing interest rates and changes in their effective maturities and credit quality.

There is no guarantee that municipalities will continue to take advantage of the BAB program in the future and there can be no assurance that BABs will be actively traded. Furthermore, under the American Recovery and Reinvestment Act of 2009, the ability of municipalities to issue BABs expired on Dec. 31, 2010. As a result, the number of available BABs in the market is limited. In addition, illiquidity of the BABs may negatively affect the value of the BABs. Interest received on BABs is subject to federal and state income tax.

Municipal securities are subject to the risk that legislative or economic conditions could affect an issuer's ability to make payments of principal and/ or interest.  

The Fund's use of a representative sampling approach will result in its holding a smaller number of bonds than are in the underlying Index, and may be subject to greater volatility.

Note: Not all products available through all firms or in all jurisdictions.

Shares are not individually redeemable and owners of the shares may acquire those shares from the funds and tender those shares for redemption to the funds in creation unit aggregations only, typically consisting of 10,000, 50,000, 75,000, 100,000 or 200,000 shares.

PowerShares^® is a registered trademark of Invesco PowerShares Capital Management LLC, investment adviser. Invesco PowerShares Capital Management LLC (PowerShares) and Invesco Distributors, Inc., ETF distributor, are indirect, wholly owned subsidiaries of Invesco Ltd.

The BofA Merrill Lynch Build America Bond Index is designed to track the performance of U.S. dollar-denominated Build America Bonds publicly issued by U.S. states and territories, and their political subdivisions, in the U.S. market.

The BofA Merrill Lynch US Taxable Municipal Securities Plus Index tracks the performance of U.S. dollar denominated taxable municipal debt publicly issued by U.S. states and territories, and their political subdivisions, in the U.S. domestic market.

The information in the prospectus is not complete and may be changed. The Funds may not sell their shares until the registration statement filed with the Securities and Exchange Commission is effective. The prospectus is not an offer to sell the Funds' shares, nor are the Funds soliciting an offer to buy their shares in any jurisdiction where the offer or sale is not permitted.

Before investing, investors should carefully read the prospectus/summary prospectus and carefully consider the investment objectives, risks, charges and expenses. For this and more complete information about the Fund call 800 983 0903 or visit powershares.com for the prospectus/summary prospectus.

SOURCE Invesco Ltd.