PRFS Pennrock Finl Svcs Corp (MM)

Invesco PowerShares Capital Management LLC, a leading provider of exchange-traded funds (ETFs), today announced that it has filed registration statements for two new actively managed ETFs focused on the non-agency, Prime and Alt-A residential mortgage-backed securities (RMBS) markets. The anticipated fund names are as follows:

--  PowerShares Prime Non-Agency RMBS Opportunity Fund
--  PowerShares Alt-A Non-Agency RMBS Opportunity Fund
    

"We believe that various economic factors have converged to push the prices of many Prime and Alt-A residential mortgage-backed securities well below their fundamental values," said Bruce Bond, president and CEO of Invesco PowerShares. "We are hopeful that these ETFs will provide access and transparency into these markets along with some of the much needed additional liquidity originally intended by the TARP."

The Residential Mortgage-Backed Securities (RMBS) Market

Aggressive mortgage lending practices, declining home prices and a faltering economy have caused mortgage loan performance to deteriorate significantly over the last two years. Many holders of mortgage related securities have come under pressure to raise capital and reduce exposure to RMBS markets, resulting in systematic de-leveraging. Invesco PowerShares believes that these events have pushed the prices of many residential mortgage-backed securities well below fundamental values implied by conservative cash flow projections.

Even the prices of senior and super senior residential mortgage-backed securities, which generally have first right to principal payments and are typically the last to sustain losses, have been severely impacted despite their significant credit enhancement and advantageous position within the capital structure. As such, Invesco PowerShares believes this may be an opportunity for investors to recognize above average risk-adjusted returns by investing in discounted senior and super senior Prime and Alt-A residential mortgage-backed securities. In addition, Invesco PowerShares believes these securities should generate current principal and interest income as well as potential capital gains.

Market Environment Background: The Troubled Asset Relief Program (TARP)

On Sept. 19, 2008, the United States Treasury introduced the Troubled Asset Relief Program (TARP). "The underlying weakness in our financial system today is the illiquid mortgage assets that have lost value as the housing correction has proceeded.... These [assets] are clogging up our financial system, and undermining the strength of our otherwise sound financial institutions," said former Treasury Secretary Henry Paulson in a press release dated Sept. 19, 2008. At the time Mr. Paulson also stated that the federal government must implement a plan to restore our financial institutions by creating a program to transition these assets off their books.

Many of the assets that Invesco PowerShares believes were originally targeted for purchase by TARP Invesco PowerShares believes are not particularly "troubled" from a credit perspective, but are depressed in price due to systemic deleveraging. "What began as a Subprime lending problem has spread to other, less-risky mortgages," said Paulson.

In addition to cash considerations, the two anticipated ETFs anticipate allowing Authorized Participants (APs) to contribute specific blocks of residential mortgage-backed securities (RMBS) to the Funds in exchange for shares of the ETFs. This in-kind transaction may be advantageous for organizations seeking increased liquidity and diversification within their current exposure to RMBS markets. In addition, the Funds may offer increased flexibility with respect to balance sheet and capital requirements. As a result, it is anticipated that financial institutions which otherwise were not participating in the ETF market may find it advantageous to become an AP to transact directly with the Funds.

Fund Information

The Funds intend to invest primarily in non-agency, residential mortgage-backed securities. Residential mortgage loans are primarily classified into one of the following three categories based on the risk profile of the borrower and the property: Prime, Alt-A and Subprime. Prime residential mortgage loans are extended to borrowers who represent a relatively low risk profile through a strong credit history. Subprime loans are made to borrowers who display poor credit histories and other characteristics that correlate with higher default risk. Alt-A loans are made to borrowers whose risk profile falls between Prime and Subprime.

Prime mortgage loans are further categorized as either "agency" or "non-agency." Agency loans have balances that fall within the limits set by the Office of Federal Housing Enterprise Oversight (OFHEO) and qualify as collateral for securities that are issued by Ginnie Mae, Fannie Mae or Freddie Mac. Non-agency loans have balances that may or may not fall within the limits set by OFHEO and do not qualify as collateral for securities that are issued by Ginnie Mae, Fannie Mae or Freddie Mac.

--  The PowerShares Prime Non-Agency RMBS Opportunity Fund will seek to
    provide total return by investing, under normal market conditions, at least
    80% of its assets in non-agency mortgage-backed securities collateralized
    by pools of Prime residential mortgage loans.

--  The PowerShares Alt-A Non-Agency RMBS Opportunity Fund will seek to
    provide total return by investing, under normal market conditions, at least
    80% of its assets in non-agency mortgage-backed securities collateralized
    by pools of Alt-A residential mortgage loans.
    

The Funds' primary investment sub-advisor is Invesco Institutional (N.A.), Inc. and the Funds' portfolio holdings will be disclosed daily on the Funds' website.

If you would like to inquire about the Funds or about how financial institutions transact with the Funds, please contact TARP@invescopowershares.com.

Invesco PowerShares Capital Management LLC is leading the intelligent ETF revolution through its family of more than 130 domestic and international exchange-traded funds, which seek to outperform traditional benchmark indexes while providing advisors and investors access to an innovative array of focused investment opportunities. With assets under management of $12 billion as of Sept. 30, 2008, PowerShares ETFs trade on both U.S. stock exchanges. For more information, please visit us at www.invescopowershares.com.

Invesco PowerShares is a wholly owned subsidiary of Invesco Ltd., a leading independent global investment management firm dedicated to helping people worldwide build their financial security. By delivering the combined power of our distinctive worldwide investment management capabilities, including Invesco Aim, Atlantic Trust, Invesco, Invesco Perpetual, Invesco PowerShares, InvescoTrimark, and WL Ross & Co., LLC, Invesco provides a comprehensive array of enduring investment solutions for retail, institutional and high-net-worth clients around the world. Operating in 20 countries, the firm is listed on the New York Stock Exchange under the symbol "IVZ." Additional information is available at www.invesco.com.

Risks of Owning Actively Managed ETFs

The Funds are subject to management risk because it is an actively managed portfolio. In managing the Funds' portfolio securities, the Sub-Advisers will apply investment techniques and risk analyses in making investment decisions for the Funds, but there can be no guarantee that these will produce the desired results.

Additionally, there are risks associated with investing in mortgage-backed securities collateralized by Prime and Alt-A residential mortgage loans. Recently, the residential mortgage market in the United States has experienced a variety of difficulties and changed economic conditions that may adversely affect the value of the Funds' investments. Housing prices in many states have declined or stopped appreciating, after extended periods of significant appreciation. As a result of these and other factors, the value of some mortgage-backed securities has been negatively impacted.

The Funds intend to invest primarily in mortgage securities offered by non-governmental issuers. These securities carry greater risks than investments in U.S. government agency securities.

Because the Funds concentrate their investments in mortgage-backed securities, the value of the Funds' shares may rise and fall more than the value of shares of a fund that invests in a broader range of securities. The Funds also may be subject to market risk, interest rate risk, credit risk, cash redemptions risk and non-diversified fund risk.

Mortgage backed securities are also subject to prepayment or call risk, which is the risk that payments may be received earlier or later than expected due to changes in the rate at which the underlying loans are prepaid and may adversely affect its income and/or market value.

The Funds may also be subject to the risk of deviation between market price and net asset value (NAV). Actively managed ETFs have a limited trading history and there can be no assurance as to whether and/or the extent to which the shares will trade at premiums or discounts to NAV. The deviation risk is heightened by the fact that the mortgage-backed securities in which the Funds may invest may be difficult to value. Because mortgage-backed securities trade infrequently, the most recent trade price may not indicate their true value. A third-party pricing service is used to value the Funds' mortgage-backed securities. There can be no guarantee to the extent to which market participants will view the prices for the Funds' portfolio securities generated by the pricing service as accurate indications of the value of the Funds' mortgage-backed securities investments. To the extent that market participants question the accuracy of the pricing service's prices, there is a risk of significant deviation between the NAV and market price of the mortgage-backed securities in which the Funds invest.

Shares are not FDIC insured, may lose value and have no bank guarantee.

On October 13, 2008, the US Treasury Department instituted revisions to the TARP program to allow for the purchase of preferred stock and warrants of financial institutions in order to provide such institutions with increased capital in lieu of the purchase of such institutions' "troubled assets." Additionally, on December 19, 2008 the Bush administration declared that TARP funds may be spent on any program the President deems necessary to avert financial crisis. To the extent that markets do not respond favorably to TARP or TARP does not function as intended, broad, adverse market conditions may continue for an indefinite period of time. Moreover, the implications of government ownership and disposition of troubled assets and the purchase of equity stakes in financial institutions are unclear, and such a program may have positive or negative effects on the liquidity, valuation and performance of the Fund's investments.

Shares are not individually redeemable and owners of the shares may acquire those shares from the Funds and tender those shares for redemption to the Funds in Creation Unit aggregations only, typically consisting of 50,000 shares.

Invesco Aim Distributors, Inc. (Invesco Aim) is the distributor of the PowerShares Actively Managed Exchange-Traded Fund Trust.

PowerShares� is a registered trademark of Invesco PowerShares Capital Management LLC (Invesco PowerShares). Invesco PowerShares is one of the investment advisors for the products and services represented by Invesco Aim; it provides investment advisory services to individual and institutional clients and does not sell securities. Invesco PowerShares and Invesco Aim are indirect, wholly owned subsidiaries of Invesco Ltd.

An investor should consider each Fund's investment objective, risks, charges and expenses carefully before investing. The prospectus contains this and other information about the Funds. For more complete information about the Funds or to obtain a prospectus, call 800.983.0903. Please read the prospectus carefully before investing.

The information in the prospectus is not complete and may be changed. The Funds may not sell their shares until the registration statement filed with the Securities and Exchange Commission is effective. The prospectus is not an offer to sell the Funds' shares, nor are the Funds soliciting an offer to buy their shares in any jurisdiction where the offer or sale is not permitted.

Media Contacts: Kristin Sadlon Porter Novelli 212-601-8192 Email Contact Bill Conboy 303-415-2290 Email Contact