UDI USCF ETF Trust Dividend Income Fund

United Defense Industries, Inc. (NYSE:UDI) announced that it has been notified that the U.S. Department of Justice has granted termination of the Hart-Scott-Rodino Act waiting period with respect to the proposed acquisition of UDI by BAE Systems. The parties are now free to close the proposed acquisition. The closing is expected to occur on or about June 24, 2005, assuming the satisfaction of customary conditions to closing. About United Defense Industries United Defense designs, develops and produces combat vehicles, artillery, naval guns, missile launchers and precision munitions used by the U.S. Department of Defense and allies worldwide, and provides non-nuclear ship repair, modernization and conversion to the U.S. Navy and other U.S. Government agencies. To learn more about United Defense, visit http://www.uniteddefense.com. Forward Looking Statements Information in this release may involve guidance, expectations, beliefs, plans, intentions or strategies regarding the future. These forward-looking statements involve risks and uncertainties. All forward-looking statements included in this release are based upon information available to United Defense Industries, Inc., as of the date of the release, and we assume no obligation to update any such forward-looking statements. The statements in this release are not guarantees of future outcomes and actual results could differ materially from our current expectations. Numerous factors could cause or contribute to such differences. Such factors include risks and uncertainties specific to this transaction, including but not limited to adverse effects on the market price of the company's common stock and on the company's operating results because of failure to complete the transaction (due to failure to satisfy all of the conditions to the transaction) or the timing of the closing of the transaction. Please refer to United Defense's Annual Report on Form 10-K for the year ended December 31, 2004 and in its other reports filed from time to time with the Securities and Exchange Commission for a further discussion of the factors and risks associated with its business.