MADISON, N.J., June 11, 2008 (PRIME NEWSWIRE) -- MacroShares Housing Depositor, a subsidiary of MacroMarkets LLC, filed with the Securities and Exchange Commission for exchange-traded securities that will allow investors to invest in the upward and the inverse movement of U.S. home prices. MacroShares Major Metro Housing Up and Down securities will be based on the S&P/Case-Shiller Composite-10 Home Price Index and will allow investors to access this important, but illiquid, asset class. When launched, these revolutionary paired securities will have a ten-year term and will feature a 2x (200%) leverage factor.
MacroMarkets LLC plans to launch the new securities on the NYSE Arca under the ticker symbols:
* UMM - MacroShares Major Metro Housing Up
* DMM - MacroShares Major Metro Housing Down
MacroMarkets currently manages over $1.4 billion in assets and averages combined trading volume of 6.2 million shares in its MacroShares product line.
Sam Masucci, MacroMarkets President and CEO, noted, "We are very excited to apply our patented MacroShares technology to the U.S. residential real estate market. Housing has a capitalization value of approximately $22 trillion, making it one of the largest, unsecuritized asset classes in the world. MacroShares were originally conceived to provide access to large illiquid assets like housing. The capital markets need a way to access or hedge residential property through exchange-traded products, and MacroMarkets is leading the way."
MacroShares Major Metro Housing will be based on the S&P/Case-Shiller Composite-10 Home Price Index, which is a nationally recognized gauge for U.S. home prices and is followed closely by both institutions and the media. The Composite-10 is a weighted measure of home price changes in the following metropolitan areas:
* Boston
* Chicago
* Denver
* Las Vegas
* Los Angeles
* Miami
* New York
* San Diego
* San Francisco
* Washington, DC
Robert Shiller, renowned economist and MacroMarkets' co-founder commented, "MacroShares Major Metro Housing enables investors the unique ability to gain exposure to the price movement of home prices, a commodity that greatly affects both institutions and individual investors."
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. Securities may not be sold or offers to buy be accepted prior to the time that the registration statement becomes effective. You may obtain a written prospectus by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, MacroShares Housing Depositor, LLC, will arrange to send you the prospectus if you request by calling toll-free (888) Macros1, extension 500.
MacroShares Housing Depositor, LLC is a Delaware limited liability company and is acting as the depositor for the MacroShares Metro Market Housing Up and Down trusts. Before you invest, you should read the prospectus in the registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering.
MacroMarkets LLC is the Administrative Agent and its subsidiary, MacroFinancial, LLC, is the marketing agent for the MacroShares Trusts. MacroFinancial is registered with the SEC as a broker-dealer and is a member of the Financial Industry Regulatory Authority.
Important Risks
This Information does not represent an offer to sell securities of the MacroShares Trusts and it is not soliciting an offer to buy securities of these Trusts. There can be no assurance that the Trusts will achieve their investment objectives. An investment in the MacroShare Trusts involves significant risks, including the risk of loss of substantially all of your investment. There is no guarantee as to the amount of any quarterly distribution or the amount of the final distribution to shareholders. You should review the risk factors in the prospectus prior to investing in a Holding or Tradeable MacroShares Trust.
Fluctuations in the underlying value of a MacroShares Trust and other factors may affect the market price of your MacroShares investment. An investment in a Tradeable Trust or its related Holding MacroShares Trust will not resemble a direct investment in the asset being tracked. The price of the asset being tracked by a MacroShares Trust may be volatile. It may be difficult to predict whether in the long-term the price of the asset being tracked will reflect a generally upward or downward trend. There are risks associated with investing in a product linked to a benchmark. A substitute price may be used as the reference price of the benchmark asset.
MacroMarkets LLC and their respective affiliates do not provide tax advice. Investors are urged to consult their tax advisor to fully understand the tax implications associated with and investment in any MacroShares Trust.
Additional Information about MacroShares can be found at www.macroshares.com