Deutsche Bank suspends new issuance of seven PowerShares ETNs

By Angela McDaniels

Tacoma, Wash., Feb. 9 - Deutsche Bank AG suspended any further issuance of seven commodity-based exchange-traded notes, according to a bank news release.

The following ETNs are affected:

• PowerShares DB Commodity Short ETN (NYSE Arca: DDP);

• PowerShares DB Commodity Long ETN (NYSE Arca: DPU);

• PowerShares DB Commodity Double Short ETN (NYSE Arca: DEE);

• PowerShares DB Commodity Double Long ETN (NYSE Arca: DYY);

• PowerShares DB Agriculture Short ETN (NYSE Arca: ADZ);

• PowerShares DB Agriculture Long ETN (NYSE Arca: AGF); and

• PowerShares DB Agriculture Double Short ETN (NYSE Arca: AGA, TSX: DAD).

Trading of the ETNs will not be affected, and the daily put option remains in effect.

The suspension may influence the market value of the ETNs, Deutsche Bank noted.

Change to indexes

Separately, there will be a change to the underlying indexes to which some of the ETNs are linked.

After the close of trading on Feb. 16, the Deutsche Bank Liquid Commodity Index - Optimum Yield Agriculture Excess Return and the Deutsche Bank Liquid Commodity Index - Optimum Yield Excess Return will diversify their wheat holdings to now include equal components of futures contracts on wheat traded on the Board of Trade of the City of Chicago, Inc., the Kansas City Board of Trade and the Minneapolis Grain Exchange, Inc.

Up until this change, the entire wheat component was comprised of futures contracts on wheat traded on the Board of Trade of the City of Chicago.

The percentage of the indexes' wheat holdings will not change.

This change affects the PowerShares DB Commodity Long ETN, the PowerShares DB Commodity Double Long ETN, the PowerShares DB Agriculture Short ETN, the PowerShares DB Agriculture Long ETN, the PowerShares DB Agriculture Double Short ETN and the PowerShares DB Agriculture Double Long ETN.

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