PowerShares DB G10 Currency Harvest Fund, a Delaware statutory trust (the
), Deutsche Bank Securities Inc., a Delaware corporation registered with the CFTC as a futures commission merchant and a member of the NFA (
), and Invesco PowerShares Capital Management LLC, a Delaware limited liability company (
) entered into a Futures and Options Agreement for Institutional Customers, dated as of October15, 2015 (the
Futures and Options Agreement
) relating to transactions that DBSI may execute, clear and/or carry on the Funds behalf for the purchase or sale of futures contracts and similar transactions.
The Futures and Options Agreement contains customary representations and warranties. The Futures and Options Agreement may be terminated by any p arty by providing the other party with written notice of termination specifying the effective termination date. The effective termination date shall be no less than thirty (30)calendar days from the date of the notice. On October25, 2016, Invesco provided DBSI with notice of intent to terminate the Futures and Options Agreement effective as of November25, 2016 (the
). There are no termination penalties to be incurred by the Fund, Invesco or DBSI in connection with the early termination of the Futures and Options Agreement.
Invesco intends to engage Morgan Stanley& Co. LLC to provide the Fund with the services currently provided by DBSI pursuant to the Futures and Options Agreement. Invesco expects to have a contract in place with Morgan Stanley& Co. LLC which will be effective as of the Termination Date.
The foregoing description is a summary, does not purport to be a complete description of the Futures and Options Agreement, and is qualified in its entirety by reference to the Futures and Options Agreement, a copy of which was filed as Exhibit 10.1 to the Form 8-K filed by the Fund on February19, 2016 and incorporated herein by reference.
This communication contains forward-looking statements within the meaning of Section27A of the Securities Act of 1933 and Section21E of the Securities Exchange Act of 1934 that involve risks and uncertainties, including, without limitation, statements regarding Invescos expectations of having a contract in place by the Termination Date. There can be no assurance that Inveco will enter into a new agreement with Morgan Stanley& Co. LLC or that the terms of such new agreement will be similar to the Futures and Options Agreement. Statements containing words such as may, believe, anticipate, expect, intend, plan, project, will, projections, estimate, or similar expressions constitute forward-looking statements. Such forward-looking statements are based on Invescos current expectations and are subject to significant risks and uncertainties and actual results may differ materially from the results anticipated in the forward-looking statements.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
PowerShares DB G10 Currency Harvest Fund
its Managing Owner
/s/ Daniel Draper
Chief Executive Officer
Date: October25, 2016
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