UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: December 7, 2010
POWERSHARES DB MULTI-SECTOR COMMODITY TRUST
(Registrant)
POWERSHARES DB ENERGY FUND; POWERSHARES DB OIL FUND; POWERSHARES DB
PRECIOUS METALS FUND; POWERSHARES DB GOLD FUND; POWERSHARES DB SILVER FUND;
POWERSHARES DB BASE METALS FUND; POWERSHARES DB AGRICULTURE FUND
DB MULTI-SECTOR COMMODITY MASTER TRUST
DB ENERGY MASTER FUND; DB OIL MASTER FUND; DB PRECIOUS METALS MASTER FUND; DB
GOLD MASTER FUND; DB SILVER MASTER FUND; DB BASE METALS MASTER FUND; DB
AGRICULTURE MASTER FUND
(Co-Registrants)
(Exact Name of each Registrant as Specified in its Charter)
| PowerShares DB Multi-Sector Commodity Trust—Delaware DB Multi-Sector Commodity Master Trust—Delaware |
87-0778053 (Trust) 87-0778057 (Master Trust) | |
| (State or Other Jurisdiction of Incorporation or Organization) | (IRS Employer ID Number(s)) | |
| c/o DB Commodity Services LLC 60 Wall Street New York, New York |
10005 | |
| (Address of Principal Executive Offices) | (Zip Code) | |
| 001-33229; 001-33240; 001-33242; 001-33244; 001-33231; 001-33234; 001-33236; 001-33238; 001-33232; 001-33239; 001-33241; 001-33243; 001-33230; 001-33233; 001-33235; and 001-33237 | ||
| (Commission File Number(s)) | ||
| (212) 250-5883 | ||
| (Registrant’s telephone number, including area code) | ||
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrants under any of the following provisions (see General Instruction A.2. below):
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
| Item 8.01. | Other Events. |
DB Commodity Services LLC, the managing owner (the “Managing Owner”) of PowerShares DB Multi-Sector Commodity Trust (the “Trust”), PowerShares DB Energy Fund, PowerShares DB Oil Fund, PowerShares DB Precious Metals Fund, PowerShares DB Gold Fund, PowerShares DB Silver Fund, PowerShares DB Base Metals Fund and PowerShares DB Agriculture Fund (each a “Fund” and collectively, the “Funds”), DB Multi-Sector Commodity Master Trust (the “Master Trust”), DB Energy Master Fund, DB Oil Master Fund, DB Precious Metals Master Fund, DB Gold Master Fund, DB Silver Master Fund, DB Base Metals Master Fund and DB Agriculture Master Fund (each a “Master Fund” and collectively, the “Master Funds”), has determined that distributions will not be made to the shareholders of the Funds for the calendar year ending December 31, 2010.
As disclosed in the Funds’ prospectus, each Fund makes distributions at the discretion of the Managing Owner. To the extent that a Master Fund’s actual and projected interest income from their holdings of United States Treasury securities and other high credit quality short-term fixed income securities exceeded the actual and projected fees and expenses of such Master Fund and corresponding Fund, the Managing Owner has periodically made distributions of a substantial portion of the estimated amount of such excess. In the current interest rate environment, each Master Fund’s interest income has not exceeded the fees and expenses of such Master Fund and corresponding Fund; therefore, the Managing Owner has determined not to make distributions for the calendar year ending December 31, 2010.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, each registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| PowerShares DB Multi-Sector Commodity Trust | ||
| By: | DB Commodity Services LLC, its Managing Owner | |
| By: | /s/ Hans Ephraimson | |
| Name: Hans Ephraimson | ||
| Title: Chief Executive Officer | ||
| By: | /s/ Michael Gilligan | |
| Name: Michael Gilligan | ||
| Title: Principal Financial Officer | ||
| PowerShares DB Energy Fund, a series of PowerShares DB Multi-Sector Commodity Trust | ||
| By: | DB Commodity Services LLC, its Managing Owner | |
| By: | /s/ Hans Ephraimson | |
| Name: Hans Ephraimson | ||
| Title: Chief Executive Officer | ||
| By: | /s/ Michael Gilligan | |
| Name: Michael Gilligan | ||
| Title: Principal Financial Officer | ||
| PowerShares DB Oil Fund, a series of PowerShares DB Multi-Sector Commodity Trust | ||
| By: | DB Commodity Services LLC, its Managing Owner | |
| By: | /s/ Hans Ephraimson | |
| Name: Hans Ephraimson | ||
| Title: Chief Executive Officer | ||
| By: | /s/ Michael Gilligan | |
| Name: Michael Gilligan | ||
| Title: Principal Financial Officer | ||
| PowerShares DB Precious Metals Fund, a series of PowerShares DB Multi-Sector Commodity Trust | ||
| By: | DB Commodity Services LLC, its Managing Owner | |
| By: | /s/ Hans Ephraimson | |
| Name: Hans Ephraimson | ||
| Title: Chief Executive Officer | ||
| By: | /s/ Michael Gilligan | |
| Name: Michael Gilligan | ||
| Title: Principal Financial Officer | ||
| PowerShares DB Gold Fund, a series of PowerShares DB Multi-Sector Commodity Trust | ||
| By: | DB Commodity Services LLC, its Managing Owner | |
| By: | /s/ Hans Ephraimson | |
| Name: Hans Ephraimson | ||
| Title: Chief Executive Officer | ||
| By: | /s/ Michael Gilligan | |
| Name: Michael Gilligan | ||
| Title: Principal Financial Officer | ||
| PowerShares DB Silver Fund, a series of PowerShares DB Multi-Sector Commodity Trust | ||
| By: | DB Commodity Services LLC, its Managing Owner | |
| By: | /s/ Hans Ephraimson | |
| Name: Hans Ephraimson | ||
| Title: Chief Executive Officer | ||
| By: | /s/ Michael Gilligan | |
| Name: Michael Gilligan | ||
| Title: Principal Financial Officer | ||
| PowerShares DB Base Metals Fund, a series of PowerShares DB Multi-Sector Commodity Trust | ||
| By: | DB Commodity Services LLC, its Managing Owner | |
| By: | /s/ Hans Ephraimson | |
| Name: Hans Ephraimson | ||
| Title: Chief Executive Officer | ||
| By: | /s/ Michael Gilligan | |
| Name: Michael Gilligan | ||
| Title: Principal Financial Officer | ||
| PowerShares DB Agriculture Fund, a series of PowerShares DB Multi-Sector Commodity Trust | ||
| By: | DB Commodity Services LLC, its Managing Owner | |
| By: | /s/ Hans Ephraimson | |
| Name: Hans Ephraimson | ||
| Title: Chief Executive Officer | ||
| By: | /s/ Michael Gilligan | |
| Name: Michael Gilligan | ||
| Title: Principal Financial Officer | ||
| DB Multi-Sector Commodity Master Trust | ||
| By: | DB Commodity Services LLC, its Managing Owner | |
| By: | /s/ Hans Ephraimson | |
| Name: Hans Ephraimson | ||
| Title: Chief Executive Officer | ||
| By: | /s/ Michael Gilligan | |
| Name: Michael Gilligan | ||
| Title: Principal Financial Officer | ||
| DB Energy Master Fund, a series of DB Multi-Sector Commodity Master Trust | ||
| By: | DB Commodity Services LLC, its Managing Owner | |
| By: | /s/ Hans Ephraimson | |
| Name: Hans Ephraimson | ||
| Title: Chief Executive Officer | ||
| By: | /s/ Michael Gilligan | |
| Name: Michael Gilligan | ||
| Title: Principal Financial Officer | ||
| DB Oil Master Fund, a series of DB Multi-Sector Commodity Master Trust | ||
| By: | DB Commodity Services LLC, its Managing Owner | |
| By: | /s/ Hans Ephraimson | |
| Name: Hans Ephraimson | ||
| Title: Chief Executive Officer | ||
| By: | /s/ Michael Gilligan | |
| Name: Michael Gilligan | ||
| Title: Principal Financial Officer | ||
| DB Precious Metals Master Fund, a series of DB Multi-Sector Commodity Master Trust | ||
| By: | DB Commodity Services LLC, its Managing Owner | |
| By: | /s/ Hans Ephraimson | |
| Name: Hans Ephraimson | ||
| Title: Chief Executive Officer | ||
| By: | /s/ Michael Gilligan | |
| Name: Michael Gilligan | ||
| Title: Principal Financial Officer | ||
| DB Gold Master Fund, a series of DB Multi-Sector Commodity Master Trust | ||
| By: | DB Commodity Services LLC, its Managing Owner | |
| By: | /s/ Hans Ephraimson | |
| Name: Hans Ephraimson | ||
| Title: Chief Executive Officer | ||
| By: | /s/ Michael Gilligan | |
| Name: Michael Gilligan | ||
| Title: Principal Financial Officer | ||
| DB Silver Master Fund, a series of DB Multi-Sector Commodity Master Trust | ||
| By: | DB Commodity Services LLC, its Managing Owner | |
| By: | /s/ Hans Ephraimson | |
| Name: Hans Ephraimson | ||
| Title: Chief Executive Officer | ||
| By: | /s/ Michael Gilligan | |
| Name: Michael Gilligan | ||
| Title: Principal Financial Officer | ||
| DB Base Metals Master Fund, a series of DB Multi-Sector Commodity Master Trust | ||
| By: | DB Commodity Services LLC, its Managing Owner | |
| By: | /s/ Hans Ephraimson | |
| Name: Hans Ephraimson | ||
| Title: Chief Executive Officer | ||
| By: | /s/ Michael Gilligan | |
| Name: Michael Gilligan | ||
| Title: Principal Financial Officer | ||
| DB Agriculture Master Fund, a series of DB Multi-Sector Commodity Master Trust | ||
| By: | DB Commodity Services LLC, its Managing Owner | |
| By: | /s/ Hans Ephraimson | |
| Name: Hans Ephraimson | ||
| Title: Chief Executive Officer | ||
| By: | /s/ Michael Gilligan | |
| Name: Michael Gilligan | ||
| Title: Principal Financial Officer | ||
Date: December 7, 2010