/C O R R E C T I O N -- AdvisorShares/

In the news release, AdvisorShares Announces July 2013 Distributions, issued today by AdvisorShares over PR Newswire, we are advised by the company that in the first paragraph, the second sentence should read "Shareholders of record on July 29, 2013 will receive cash distributions paid on July 31, 2013 in the following amounts:" rather than "Shareholders of record on July 26, 2013 will receive cash distributions paid on July 31, 2013 in the following amounts:" as originally issued inadvertently. The complete, corrected release follows:

BETHESDA, Md., Aug. 2, 2013 /PRNewswire/ -- AdvisorShares, a leading sponsor of 18 actively managed exchange-traded funds (ETFs), today announced July 2013 income distributions for ETFs that pay monthly dividends. Shareholders of record on July 29, 2013 will receive cash distributions paid on July 31, 2013 in the following amounts:

For Non-Resident Alien ("NRA") shareholders who are normally subject to a 30% (or lower tax treaty rate depending on the country) NRA withholding tax on ETF dividend income and short-term capital gain dividends, unless such dividends are designated as exempt from NRA withholding tax, 92.57% of the AdvisorShares Peritus High Yield ETF distribution, 44.40% of the AdvisorShares Madrona Global Bond ETF distribution, and 100% of the AdvisorShares Newfleet Multi-Sector Income ETF distribution have been designated as exempt.

To request more information on AdvisorShares, please contact Ryan Graham at 202-684-6442 or rg@advisorshares.com.  For financial professionals and investors requesting more information, please visit www.advisorshares.com or call the AdvisorShares Investment Consultant Team at 1-877-THE-ETF1 (1-877-843-3831).

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About AdvisorShares
AdvisorShares is one of the leading providers of actively managed ETFs. As of 7/31/2013, AdvisorShares offers 18 active ETFs with approximately $830,000,000 of assets under management. AdvisorShares provides educational support to help financial advisors and investors understand the benefits of actively managed ETFs and their underlying investment strategies. Please visit www.advisorshares.com to register for free weekly economic commentary. For educational insight into the active ETF marketplace, visit www.alphabaskets.com, follow @AdvisorShares on Twitter and 'Like' us on Facebook. Every Thursday at 4:00pm EDT, AdvisorShares hosts an educational conference call for Financial Professionals featuring our portfolio managers and leading investment industry experts—Dial: 1-800-977-8002; Code: 777534#

Before investing you should carefully consider the Fund's investment objectives, risks, charges and expenses. This and other information is in the prospectus, a copy of which may be obtained by visiting the Fund's website at www.AdvisorShares.com. Please read the prospectus carefully before you invest.

Foreside Fund Services, LLC, distributor.

An investment in ETFs is subject to risk, including the possible loss of principal amount invested. The risks associated with each Fund include the risks associated with the underlying ETFs, which can result in higher volatility, and are detailed in each Fund's prospectus and on each Fund's webpage. The Funds may not be suitable for all investors.

SOURCE AdvisorShares