PCEF Invesco CEF Income Composite ETF

Invesco PowerShares Expands Smart Beta Suite With New International BuyBack Achievers ETF

CHICAGO, IL--(Marketwired - Feb 27, 2014) - Invesco PowerShares Capital Management LLC, a leading global provider of exchange-traded funds (ETFs), announced today the listing of the PowerShares International BuyBack Achievers™ Portfolio (IPKW) on the NASDAQ Stock Market, LLC. IPKW provides investors efficient access to a portfolio of international companies classified as International BuyBack Achievers™.

BuyBack Achievers are companies that have effected a net reduction of 5% or more of their outstanding shares in their most recent fiscal year, and have met additional criteria in accordance with the guidelines and mandated procedures of the NASDAQ OMX Group, Inc., the underlying index provider.

"The buyback methodology is generally more tax-efficient relative to dividend payments and may provide investors enhanced total shareholder return," said Lorraine Wang, Invesco PowerShares global head of ETF products and research. "The merits of the BuyBack Achievers methodology, and more broadly smart beta, are demonstrated in our US-focused flagship product PowerShares BuyBack Achievers (PKW), so we are excited to provide investors a way to participate in global opportunities as well."

PowerShares International BuyBack Achievers Portfolio (IPKW) is based on the NASDAQ International BuyBack Achievers™ Index. The Fund includes common stocks of foreign companies classified as International BuyBack Achievers in accordance with the NASDAQ OMX Group, Inc. proprietary selection methodology. The Fund will generally invest in all of the securities comprising the Underlying Index, and is rebalanced quarterly in January, April, July and October. The Fund has an expense ratio of 0.55%.

To learn more about the PowerShares International BuyBack Achievers Portfolio (IPKW), or Smart Beta investing, please visit: http://www.invescopowershares.com.

About Invesco PowerShares Capital Management LLC and Invesco, Ltd. Invesco PowerShares Capital Management LLC is leading the Intelligent ETF Revolution® through its family of more than 140 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 franchise assets over $96 billion* as of Dec. 31, 2013, PowerShares ETFs trade on both US stock exchanges. For more information, please visit us at invescopowershares.com or follow us on Twitter @PowerShares.

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.

*US franchise assets include QQQs, BLDRS and DB Funds. ALPS Distributors, Inc. is the distributor of PowerShares QQQ, BLDRS Funds and PowerShares DB Funds. PowerShares QQQ and BLDRS Funds are unit investment trusts. Invesco PowerShares and Invesco Distributors, Inc. are not affiliated with ALPS Distributors, Inc.

Not FDIC Insured | May Lose Value | No Bank Guarantee

Important Risk Information

Beta is a measure of risk representing how a security is expected to respond to general market movements. Smart Beta represents an alternative and selection index based methodology that seeks to outperform a benchmark or reduce portfolio risk, or both. Smart beta funds may underperform cap-weighted benchmarks and increase portfolio risk.

There are risks involved with investing in ETFs, including possible loss of money. Shares are not actively managed and are subject to risks including those regarding short selling and margin maintenance requirements. Ordinary brokerage commissions apply. The Fund's return may not match the return of the Underlying Index.

IPKW Common stocks may decline significantly in price over short or extended periods of time and may be more volatile than other types of investments.

Foreign securities have additional risks, including exchange-rate changes, decreased market liquidity, political instability and taxation by foreign governments.

Investment in securities in emerging market countries involves risks not associated with investments in securities in developed countries.

Investments focused in a particular industry are subject to greater risk, and are more greatly impacted by market volatility than more diversified investments.

Much of the income received by the Fund will be in foreign currencies. Because the Fund's net asset value (NAV) is determined in US dollars, the Fund's NAV could decline if the currency of the non-US markets in which the Fund invests depreciate against the US dollar.

A natural or other disaster could occur in a geographic region in which the Fund invests, which could adversely impact the Fund's investments in the affected region.

The Fund will invest in common stocks of foreign issuers, because foreign exchanges may be open on days when the Fund does not price its shares, the value of the non-US securities in the Fund's portfolio may change on days when you will not be able to purchase or sell your shares.

Investing in securities of small and medium-sized companies may involve greater risk than is customarily associated with investing in large companies.

The Fund is considered non-diversified and may be subject to greater risks than a diversified fund.

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.

Note: Not all products, materials or services available at all firms.

Invesco Registered Representatives should familiarize themselves with its objective, structure, fees/charges, and risks of each strategy prior to discussing the product with anyone outside the firm. This may not be reproduced, shown or quoted to financial advisors or to members of the general public or used in written form as sales literature; any such use would be in violation of the FINRA conduct rules. NASDAQ® is a registered trademark of The NASDAQ OMX Group, Inc. and Buyback Achievers™ is a trademark of Mergent, Inc. The marks are licensed for use by Invesco PowerShares Capital Management LLC in connection with the PowerShares International BuyBack Achievers Portfolio. The Fund is not sponsored or endorsed by The NASDAQ OMX Group, Inc. or Mergent Inc. and neither The NASDAQ OMX Group, Inc. nor Mergent, Inc. makes any warranty or any representation as to the accuracy and/or completeness of the Index or results to be obtained by any person from use of the Index or trading of the ETF.

PowerShares® is a registered trademark of Invesco PowerShares Capital Management LLC (Invesco PowerShares). Invesco PowerShares and Invesco Distributors, Inc. are indirect, wholly owned subsidiaries of Invesco Ltd.

Invesco Distributors, Inc. is the distributor of the PowerShares Exchange-Traded Fund Trust and the PowerShares Exchange-Traded Fund Trust II.

Note: Not all products available through all firms.

An investor should consider the Fund's investment objective, risks, charges and expenses carefully before investing. The prospectus contains this and other information about the Fund. For this and more complete information about the Fund call 800 983 0903 or visit invescopowershares.com for a prospectus. Please read the prospectus carefully before investing.

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