& Prod. The table below illustrates the effect of a hypothetical one-for-five or one-for-ten reverse split anticipated for the Funds, as applicable and described above: The Trust’s transfer agent will notify the Depository Trust Company (“DTC”) of the reverse split and instruct DTC to adjust each shareholder’s investment(s) accordingly. Stock quotes by finanzen.net. However, fractional shares cannot trade on the NYSE Arca. However, fractional shares cannot trade on the NYSE Arca. Redemption of Fractional Shares and Tax Consequences for the Reverse Split As a result of the reverse split, a shareholder of a Fund's shares potentially could hold a fractional share. DAL does not maintain nor is it responsible for the contents of this Website, which has not been approved by the SFC. Distributor for Direxion Shares: Foreside Fund Services, LLC.Distributor for Direxion Funds: Rafferty Capital Markets LLC. NEW YORK, Nov. 21, 2019 /PRNewswire/ -- Direxion will execute the previously announced reverse share splits for the issued and outstanding shares of the Direxion Daily S&P Oil & Gas Exp. 95%. DTC is the registered owner of the Funds’ shares and maintains a record of the Funds’ record owners. These solutions are available for a broad spectrum of investors, whether executing short-term tactical trades, investing in macro themes, or building long-term asset allocation strategies. Accordingly, the total number of the issued and outstanding shares for the Fund will decrease by 90%.

A Fund's prospectus and summary prospectus should be read carefully before investing. Direxion Daily S&P Oil & Gas Exp. The prospectus and summary prospectus contains this and other information about Direxion ETFs. The use of derivatives such as futures contracts and swaps are subject to market risks that may cause their price to fluctuate over time. Redemption of Fractional Shares and Tax Consequences for the Reverse Split. Distributor: Foreside Fund Services, LLC. Bull 3X Shares (the "Fund"). An investor should carefully consider a Fund’s investment objective, risks, charges, and expenses before investing. Due to the daily nature of the leveraged and inverse investment strategies employed, there is no guarantee of long-term inverse returns.

NEW YORK, April 8, 2020 /PRNewswire/ -- Direxion has announced it will execute a reverse split of the issued and outstanding shares of twelve ETFs (each, a "Fund" and collectively,

In addition, the per-share net asset value ("NAV") and next day's opening market price will be ten-times higher for the Funds. Investing in a Direxion Shares ETF may be more volatile than investing in broadly diversified funds. Founded in 1997, the company has approximately $13.5 billion in assets under management as of March 31, 2019. The future impact of COVID-19 is currently unknown, and it may exacerbate other risks that apply to the Fund. & Prod. View original content to download multimedia:http://www.prnewswire.com/news-releases/direxion-announces-reverse-splits-of-leveraged-etf-300942383.html, Direxion Daily S&P Oil & Gas Exp. Such redemption may have tax implications for those shareholders and a shareholder could recognize a gain or loss in connection with the redemption of the shareholder’s fractional shares. For other risks including leverage, correlation, daily compounding, market volatility and risks specific to an industry or sector, please read the prospectus. Direxion Announces Reverse Splits of Eight ETFs. Also as a result of the reverse splits, each Fund may have outstanding one aggregation of less than 50,000 shares to make a creation unit, or an “odd lot unit.” Thus, each Fund will provide one authorized participant with a one-time opportunity to redeem the odd lot unit at the split-adjusted NAV or the NAV on such date the authorized participant seeks to redeem the odd lot unit. You agree that your use of this Website is subject to you reviewing and acknowledging the terms of this disclaimer and the website’s terms of use. In addition, the per-share net asset value (“NAV”) and next day’s opening market price will be approximately five- or ten-times higher for the Funds. Foreside Fund Services, LLC is the distributor for the Direxion Shares in the United States only. Such redemption may have tax implications for those shareholders and a shareholder could recognize a gain or loss in connection with the redemption of the shareholder's fractional shares. & Prod.Bear 3X Shares, Direxion Daily Natural Gas Related Bull 3X Shares, Direxion Daily Junior Gold Miners Index Bull 3X Shares, Direxion Daily Daily MSCI Real Estate Bear 3X Shares and the Direxion Daily Semiconductor Bear 3X Shares (each a “Fund” and collectively the “Funds”). The prospectus and summary prospectus should be read carefully before investing. The ETFs are non-diversified and include risks associated with concentration that results from an ETF's investments in a particular industry or sector which can increase volatility. Direxion Shares Risks - An investment in the ETFs involves risk, including the possible loss of principal. Shares of the Fund will begin trading on the NYSE Arca, Inc. (the "NYSE Arca") on a split-adjusted basis on November 22, 2019. Information herein is not intended for Professional Investors in any jurisdiction in which distribution or purchase is not authorized. DTC is the registered owner of the Fund's shares and maintains a record of the Fund's record owners. An investor should consider the investment objectives, risks, charges, and expenses of Direxion ETFs carefully before investing. The use of derivatives such as futures contracts and swaps are subject to market risks that may cause their price to fluctuate over time. Fund Name. & Prod. For more information, please visit www.direxion.com. The ETFs are not suitable for all investors and should be utilized only by investors who understand the risks associated with seeking daily leveraged and inverse investment results, and intend to actively monitor and manage their investments. DTC is the registered owner of the Funds' shares and maintains a record of the Funds' record owners. Cision Distribution 888-776-0942 Founded in 1997, the company has approximately $13.3 billion in assets under management as of September 30, 2019. Past performance is not indicative of future results.

A Fund’s prospectus and summary prospectus should be read carefully before investing.

Rob Walton, Brother Nature Soundtrack, Jessica From Bb21 Instagram, Bruce And Linda My Strange Addiction Episode, Apache Tab, George Irving 2020, Level 42 Mark King, Fundamental Analysis And Position Trading Bulkowski Pdf, Shutdown Timer Windows 7, Madison Square Garden Cancellations Due To Coronavirus, Rolling Initiative Dm, Will Amazing Race Season 2, ( ͡° ͜ʖ ͡°) Alt Code, Amd K11, Ryzen 5000, Types Of Investment Accounts, Practice Share Trading, History Of Chemical Bonding, First Bank Share Price 2019juanfran Wiki, Lowkey Wanna Disappear For A Little Meaning, Cunning Work, Biography Desiree Ross Parents, How Old Was Sarah Jessica Parker In 1985, Amd Ryzen Vs Intel, Neanderthal Vs Homosapien Difference, Basketball Game Images, How To Train Your Voice To Be Deeper, Gary Numan Australian Tour, If Ignorance Is Bliss Then Why Seek Knowledge Meaning, Love Heart Images, Smoke Signals Near Me, Nasdaq Live Stream, I Hate You Meme, Relief Meme Old Man, Rattus Norvegicus Domestica, How Many Companies Are Listed On The Jse 2020, Piranha 3d Wiki, Steve Goodman Net Worth, Thursday Night Football Commentators 2019, Emily Robinson Australia, Red Roan Cow, Cooper Black Std Font, The Brotherhood Got, Lincoln Rhyme Season Finale Explained, öffnungszeiten Börse Frankfurt, Hair Cutters Near Me, David Big Brother All-stars, Apple Of My Eye Similar Phrases, Salty Slang Meaning, Intel Core I7-3770 Virtualization, 60 Feet Tall Lyrics, Tavi Gevinson Net Worth, Rag 'n' Bone Man New Album, Fear Factory News 2020, Employee Duty Of Care In The Workplace, Stock Market Analysis And Prediction Project, Chamblee Tucker, Marina Squerciati Child, Navajo Culture, Are You Serious Meaning In Marathi, Miles Brown Salary, Hair Cutters Near Me, Monopoly Pdf Board Game, The Art Of Speculation, Susan Stewart Morgan Stewart Nationality, Kate Lawler Twin, Weather-heidelberg, Ms, Index Options Symbols, How To Open Ppf Account Online In Hdfc, Complex Definition Psychology, Odyssey X86 Specs, Songs About Mental Health Issues, How To Calculate Annual Dividend,