An anonymous director reports

POWERSHARES CANADA ANNOUNCES ANNUAL REINVESTED DISTRIBUTIONS FOR 2014 FOR TSX-LISTED POWERSHARES ETFS

PowerShares Canada has declared annual distributions for 2014 for the PowerShares exchange-traded funds listed on the Toronto Stock Exchange. Unitholders of record on Dec. 30, 2014, will receive these distributions, which will generally consist of capital gains only. The ex dividend date will be Dec. 24, 2014. 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 distributions will be reported separately. The tax characteristics for all distributions declared in 2014 will be reported before the end of February, 2015.

PowerShares ETF name                                                      Ticker  Annual distribution
                                                                                         per unit ($)
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 Corporate Bond Index ETF                    PSB             0.00000
PowerShares LadderRite U.S. 0-5 Year Corporate Bond Index ETF             USB             0.00000
PowerShares LadderRite U.S. 0-5 Year Corporate Bond Index ETF*            USB.U           0.00000
PowerShares Ultra Liquid Long Term Government Bond Index ETF**            PGL             0.00000
PowerShares Senior Loan (CAD Hedged) Index ETF                            BKL             0.00000
PowerShares 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             0.86682
Fundamental equity
PowerShares FTSE RAFI Canadian Fundamental Index Class                    PXC             0.00000
PowerShares FTSE RAFI U.S. Fundamental Fund                               PXU             0.00000
Low-volatility equity
PowerShares S&P/TSX Composite Low Volatility Index ETF                    TLV             1.02503
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
High-beta equity
PowerShares S&P/TSX Composite High Beta Index ETF                         THB             0.00000
PowerShares S&P 500 High Beta (CAD Hedged) Index ETF                      UHB             0.02760
U.S. equity
PowerShares QQQ (CAD Hedged) Index ETF                                    QQC             0.00000

*The ticker symbol USB.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.
**On April 15, 2014, PowerShares Ultra DLUX Long Term Government Bond Index ETF was renamed 
  PowerShares Ultra Liquid Long Term Government Bond Index ETF. The name change reflects the new
  name of its underlying index.
***On Sept. 8, 2014, PowerShares launched two new ETFs: PowerShares S&P International Developed 
   Low Volatility Index ETF and PowerShares S&P Emerging Markets Low Volatility Index ETF.

To learn more about TSX-listed PowerShares ETFs, please visit the PowerShares website.