PowerShares Canada announces cash distributions for TSX-listed ETFs

TORONTO, May 18, 2016 /CNW/ -  PowerShares Canada today announced the May 2016 distributions for its exchange-traded funds (ETFs) listed on the Toronto Stock Exchange (TSX). Unitholders of record on May 30, 2016 will receive cash distributions payable on June 7, 2016. Details of the "per-unit" distribution amounts are as follows:

PowerShares ETF name	Ticker symbol^†	Distribution per unit ($)	Payment frequency
Asset allocation
PowerShares Low Volatility Portfolio ETF – CAD	PLV	0.04858	Monthly
Fixed income
PowerShares Tactical Bond ETF	PTB	0.05818	Monthly
PowerShares 1-3 Year Laddered Floating Rate Note Index ETF	PFL	0.01420	Monthly
PowerShares 1-5 Year Laddered Investment Grade Corporate Bond Index ETF	PSB	0.06530	Monthly
PowerShares LadderRite U.S. 0-5 Year Corporate Bond Index ETF – CAD	USB	0.07432	Monthly
PowerShares LadderRite U.S. 0-5 Year Corporate Bond Index ETF – USD	USB.U	0.05761	Monthly
PowerShares Ultra Liquid Long Term Government Bond Index ETF	PGL	0.06736	Monthly
PowerShares Senior Loan (CAD Hedged) Index ETF	BKL	0.07147	Monthly
PowerShares Fundamental High Yield Corporate Bond (CAD Hedged) Index ETF	PFH	0.07711	Monthly
Equity income
PowerShares Canadian Preferred Share Index ETF	PPS	0.07034	Monthly
PowerShares Canadian Dividend Index ETF	PDC	0.08523	Monthly
PowerShares Global Shareholder Yield ETF – CAD	PSY	0.01967	Monthly
PowerShares Global Shareholder Yield ETF – USD	PSY.U	0.01525	Monthly
Low volatility equity
PowerShares S&P/TSX Composite Low Volatility Index ETF	TLV	0.07783	Monthly
PowerShares S&P 500 Low Volatility (CAD Hedged) Index ETF	ULV	0.04079	Monthly

^†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. The tax composition of the PowerShares ETFs' distributions will be determined on an annual basis and will only be available after the PowerShares ETFs' tax year-end.

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 all 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.

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.

"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 "Indexes") and/or the figure at which the Indexes stand at any particular time on any particular day or otherwise. The Indexes are compiled and calculated by FTDCM and all copyright in the Indexes' 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 trademark of TSX Inc. and is used under licence. "FTSE^®" is a trademark of FTSE International Limited in Canada and Taiwan, and "FTSE^®" is a trademark of the London Stock Exchange Group companies in the rest of the world, and is used by FTDCM under licence.

S&P^®, S&P 500^®, and S&P 500 Low Volatility Index^® are registered 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.

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.

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. Leveraged Loan 100 Index (CAD Hedged) (the "Indices") are products of S&P Dow Jones Indices LLC, and have 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, LSTA 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., 2016

SOURCE Invesco Canada Ltd.

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