PURCHASE OF CREATION UNITS. The Trust will offer, issue and sell Ultra and UltraShort ProShares only in Creation Unit Aggregations of a specified number of Shares (50,000), or such other amount of Shares as designated in the relevant Fund’s Prospectus, through SEI on a continuous basis, without a sales load, at their NAV per Share next determined after receipt of a Purchase Order on any Business Day.
Appears in 3 contracts
Sources: Authorized Participant Agreement (ProShares Trust II), Authorized Participant Agreement (ProShares Trust II), Authorized Participant Agreement (ProShares Trust II)