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