Francisco Cruzado Coca - 2020

Direxion Announces Reverse Splits of Twelve ETFs

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, the "Funds"). The total market value of the shares
outstanding will not be affected as a result of these splits, except with respect to the redemption
of fractional shares, as outlined below.

After the close of the markets on April 22, 2020, each Fund will affect reverse splits of its issued
and outstanding shares as follows:
Approximate decrease in
Reverse Split total number of
Fund Name Ratio outstanding shares
Direxion Daily MSCI Brazil Bull 2X Shares 1 for 35 97%
Direxion Daily Junior Gold Miners Index Bear 2X Shares 1 for 25 96%
Direxion Daily Gold Miners Index Bear 2X Shares 1 for 25 96%
Direxion Daily Technology Bear 3X Shares 1 for 10 90%
Direxion Daily Regional Banks Bull 3X Shares 1 for 10 90%
Direxion Daily S&P 500® High Beta Bull 3X Shares 1 for 10 90%
Direxion Daily 20+ Year Treasury Bear 3X Shares 1 for 10 90%
Direxion Daily Junior Gold Miners Index Bull 3X Shares 1 for 10 90%
Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull
3X Shares 1 for 10 90%
Direxion Daily Retail Bull 3X Shares 1 for 10 90%
Direxion Zacks MLP High Income Index Shares 1 for 8 88%
Direxion Daily Gold Miners Index Bull 3X Shares 1 for 5 80%

Please note the CUSIP1 changes, effective April 23, 2020:

Current New
Fund Name Ticker CUSIP CUSIP
Direxion Daily MSCI Brazil Bull 2X Shares BRZU 25490K315 25460G708
Direxion Daily Junior Gold Miners Index Bear 2X Shares JDST 25460E877 25460G807
Direxion Daily Gold Miners Index Bear 2X Shares DUST 25490K133 25460G880
Direxion Daily Technology Bear 3X Shares TECS 25460E562 25460G872
Direxion Daily Regional Banks Bull 3X Shares DPST 25459Y132 25460G864
Direxion Daily S&P 500 High Beta Bull 3X Shares
® HIBL 25460E349 25460G856
Direxion Daily 20+ Year Treasury Bear 3X Shares TMV 25459Y678 25460G849
Direxion Daily Junior Gold Miners Index Bull 3X Shares JNUG 25460E166 25460G831
Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 3X
Shares UBOT 25460E513 25460G823
Direxion Daily Retail Bull 3X Shares RETL 25459W417 25460G815
Direxion Zacks MLP High Income Index Shares ZMLP 25459Y298 25460G799
Direxion Daily Gold Miners Index Bull 3X Shares NUGT 25460E844 25460G781

1
CUSIP is a nine-digit numeric (e.g. 037833100 for Apple) or nine-character alphanumeric (e.g. 38259P508 for Google)
code that identifies a North American financial security for the purposes of facilitating clearing and settlement of trades.
The CUSIP was adopted as an American National Standard under Accredited Standards.
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As a result of these reverse splits, every thirty-five, twenty-five, ten, eight, or five shares of a Fund
will be exchanged for one share as indicated in the table above. Accordingly, the total number of
the issued and outstanding shares for a Fund will decrease by the approximate percentage
indicated above. In addition, the per share net asset value ("NAV") and next day's opening market
price will be approximately thirty-five-, twenty-five-, ten-, eight-, or five-times higher for the Funds.
Shares of the Funds will begin trading on the NYSE Arca, Inc. (the "NYSE Arca") on a split-
adjusted basis on April 23, 2020.

The next day's opening market value of the Funds' issued and outstanding shares, and thus a
shareholder's investment value, will not be affected by the reverse split. The tables below
illustrate the effect of a hypothetical one-for-thirty-five, one-for-twenty-five, one-for-ten, one-for-
eight, and one-for-five reverse split anticipated for the Funds, as applicable and described above:

1-for-35 Reverse Split

Period # of Shares Owned Hypothetical NAV Total Market Value

Pre-Split 350 $ 10 $3,500
Post-Split 10 $350 $3,500

1-for-25 Reverse Split

Period # of Shares Owned Hypothetical NAV Total Market Value

Pre-Split 250 $ 10 $2,500
Post-Split 10 $250 $2,500

1-for-10 Reverse Split

Period # of Shares Owned Hypothetical NAV Total Market Value

Pre-Split 100 $ 10 $1,000
Post-Split 10 $100 $1,000

1-for-8 Reverse Split

Period # of Shares Owned Hypothetical NAV Total Market Value

Pre-Split 80 $ 30 $2,400
Post-Split 10 $240 $2,400

1-for-5 Reverse Split

Period # of Shares Owned Hypothetical NAV Total Market Value

Pre-Split 50 $ 50 $2,500
Post-Split 10 $250 $2,500

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. DTC is the registered
owner of the Funds' shares and maintains a record of each Fund's record owners.

Redemption of Fractional Shares and Tax Consequences of the Reverse Split

As a result of the reverse splits, a shareholder of a Fund's shares potentially could hold a
fractional share. However, fractional shares cannot trade on the NYSE Arca. Thus, a Fund will
redeem for cash a shareholder's fractional shares at the Fund's split-adjusted NAV as of the
Record Date. Such redemption may have tax implications for those shareholders and a
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shareholder could recognize a gain or loss in connection with the redemption of the shareholder's
fractional shares. Otherwise, the reverse splits will not result in a taxable transaction for holders
of Fund shares. No transaction fee will be imposed on shareholders for such redemption.

"Odd Lot" Unit

Also as a result of the reverse splits, a Fund may have outstanding one aggregation of less than
50,000 shares to make a creation unit, or an "odd lot unit." Thus, a 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.

About Direxion:
Direxion equips investors who are driven by conviction with ETF solutions built for purpose and
fine-tuned for precision. 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. Direxion's reputation is founded on developing products that
precisely express market perspectives and allow investors to manage their risk exposure.
Founded in 1997, the company has approximately $11 billion in assets under management as
of March 31, 2020. For more information, please visit www.direxion.com.

###

There is no guarantee that the Funds will achieve their investment objectives.

For more information on all Direxion Shares daily leveraged ETFs, go to direxion.com, or call us at
866.301.9214.

Leveraged 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. Due to the daily nature of the leveraged and inverse investment strategies employed,
there is no guarantee of long-term inverse returns. Past performance is not indicative of future results.

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Direxion anuncia un “Reverse Split” (division inversa) de doce ETF

NUEVA YORK, 8 de abril de 2020 / PRNewswire /

Direxion ha anunciado que ejecutará un “Reverse Split” de las acciones emitidas y en

circulación de 12 (doce) ETFs (en adelante por cada uno, un "Fondo" y colectivamente, los "Fondos").
El valor de mercado de las acciones en circulación no se verá afectado por esta division, excepto en
la redención de las fracciones de acciones, como se describirá a continuación.
Después del cierre de los mercados el 22 de abril de 2020, cada Fondo será afectado por el Reverse
Split de sus acciones emitidas y en circulación de la siguiente manera:

Reducción
Ratio
aproximada de
Nombre del Fondo Reverse
Split acciones en
circulación
Direxion Daily MSCI Brazil Bull 2X Shares 1 for 35 97%
Direxion Daily Junior Gold Miners Index Bear 2X Shares 1 for 25 96%
Direxion Daily Gold Miners Index Bear 2X Shares 1 for 25 96%
Direxion Daily Technology Bear 3X Shares 1 for 10 90%
Direxion Daily Regional Banks Bull 3X Shares 1 for 10 90%
Direxion Daily S&P 500 High Beta Bull 3X Shares
®
1 for 10 90%
Direxion Daily 20+ Year Treasury Bear 3X Shares 1 for 10 90%
Direxion Daily Junior Gold Miners Index Bull 3X Shares 1 for 10 90%
Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 3X Shares 1 for 10 90%
Direxion Daily Retail Bull 3X Shares 1 for 10 90%
Direxion Zacks MLP High Income Index Shares 1 for 8 88%
Direxion Daily Gold Miners Index Bull 3X Shares 1 for 5 80%

Tenga en cuenta los cambios de CUSIP2, vigentes a partir del 23 de abril de 2020:

Current New
Nombre del Fondo Ticker
CUSIP CUSIP
Direxion Daily MSCI Brazil Bull 2X Shares BRZU 25490K315 25460G708
Direxion Daily Junior Gold Miners Index Bear 2X Shares JDST 25460E877 25460G807
Direxion Daily Gold Miners Index Bear 2X Shares DUST 25490K133 25460G880
Direxion Daily Technology Bear 3X Shares TECS 25460E562 25460G872
Direxion Daily Regional Banks Bull 3X Shares DPST 25459Y132 25460G864
Direxion Daily S&P 500® High Beta Bull 3X Shares HIBL 25460E349 25460G856
Direxion Daily 20+ Year Treasury Bear 3X Shares TMV 25459Y678 25460G849
Direxion Daily Junior Gold Miners Index Bull 3X Shares JNUG 25460E166 25460G831
Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 3X
Shares UBOT 25460E513 25460G823
Direxion Daily Retail Bull 3X Shares RETL 25459W417 25460G815
Direxion Zacks MLP High Income Index Shares ZMLP 25459Y298 25460G799
Direxion Daily Gold Miners Index Bull 3X Shares NUGT 25460E844 25460G781

2
CUSIP es un código numérico de nueve dígitos (por ejemplo, 037833100 para Apple) o alfanumérico de nueve caracteres (por ejemplo,
38259P508 para Google) que identifica un activo financiero en Norteamérica con el fin de facilitar la compensación y liquidación de
operaciones. El CUSIP fue adoptado como un estándar nacional estadounidense bajo estándares acreditados. El número CUSIP es
un número de identificación único asignado a todas las acciones y bonos registrados en los Estados Unidos y Canadá,
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Como resultado de estos Reverse Split, cada 35, 25, 10, 08 o 05 acciones de un Fondo se canjearán
por una “nueva” acción tal como se indica en la tabla anterior. En consecuencia, el número total de
acciones emitidas y en circulación para un Fondo disminuirá en el porcentaje aproximado antes
indicado. Adicionalmente, el Valor del Activo Neto ("NAV") y el precio de apertura del mercado al día
siguiente serán aproximadamente 35, 25, 10, 08 o 05 veces más altos para los Fondos. Las acciones
de los Fondos comenzarán a cotizarse en NYSE Arca, Inc. ("NYSE Arca") sobre la base de ajuste a
partir del 23 de abril de 2020.

Al día siguiente de apertura. el valor de mercado de las acciones emitidas y en circulación de los
Fondos, y por tanto, el valor de inversión de un accionista, no se verá afectado por el Reverse Split.
Las siguientes tablas ilustran, a modo de ejemplo, el efecto de un supuesto Reverse Split de 1 x 35,
1 x 25, 1 x 10, 1 x 8 y 1 x 5 prevista para los Fondos, según lo antes descrito:

1x35 Reverse Split

Periodo N° Acciones Poseidas Hipotetico NAV Total Valor de Mercado
Pre-Split 350 $ 10 $3,500
Post-Split 10 $350 $3,500

1x25 Reverse Split

Periodo N° Acciones Poseidas Hipotetico NAV Total Valor de Mercado
Pre-Split 250 $ 10 $2,500
Post-Split 10 $250 $2,500

1x10 Reverse Split

Periodo N° Acciones Poseidas Hipotetico NAV Total Valor de Mercado
Pre-Split 100 $ 10 $1,000
Post-Split 10 $100 $1,000

1x8 Reverse Split

Periodo N° Acciones Poseidas Hipotetico NAV Total Valor de Mercado
Pre-Split 80 $ 30 $2,400
Post-Split 10 $240 $2,400

1x5 Reverse Split

Periodo N° Acciones Poseidas Hipotetico NAV Total Valor de Mercado
Pre-Split 50 $ 50 $2,500
Post-Split 10 $250 $2,500

El Agente del Fideicomiso notificará del Reverse Split al Depository Trust Company ("DTC") y le
indicará que debe ajustar las inversiones de cada accionista. En consecuencia, DTC es el propietario
registrado de las acciones de los Fondos y mantiene un registro de los propietarios registrados en
cada Fondo.

Redención de acciones fraccionarias y consecuencias fiscales de la división inversa

Como resultado del Reverse Split, el accionista de un Fondo podría tener fracciones de acciones,
pero las acciones fraccionarias no pueden negociarse en el NYSE Arca. Por tanto, el Fondo canjeará
por efectivo las acciones fraccionarias del accionista en el NAV ajustado por el Reverse Split a partir
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de la Fecha de registro. Dicha redención puede tener implicancias tributarias para los accionistas
pudiendo reconocer una ganancia/pérdida al momento de redimir las acciones fraccionarias del
accionista. De lo contrario, los Reverse Splits no dan lugar a una transacción afecta a impuestos para
los tenedores de acciones del Fondo. No se cobraran comisiones a los accionistas por la redención.

Unidad de "lote impar"

Como resultado de los Reverse Splits, un Fondo podrá agrupar al menos 50,000 acciones para crear
una nueva unidad o una "unidad de lote impar". Por tanto, un Fondo proporcionará al participante
autorizado la oportunidad de canjear la unidad de lote impar en el NAV ajustado por el Reverse Split
o el NAV, en la fecha en la cual dicho participante autorizado desee canjear la unidad de lote impar.

Sobre la Compañía Direxion:

Direxion equipa a los inversionistas con soluciones en ETF creados y ajustados con mayor precisión
para cada propósito de inversion. Estas soluciones están disponibles para un amplio espectro de
inversionistas, ya sea ejecutando estrategias de trading de corto plazo, invirtiendo en asuntos
macroeconómicos o construyendo estrategias de portafolios de largo plazo. La reputación de
Direxion se basa en el desarrollo de productos que recogen fielmente las perspectivas del mercado
y permite a los inversionistas gestionar su exposición al riesgo. Fundada en 1997, la compañía tiene
aproximadamente $ 11 mil millones en activos administrados al 31MAR2020. Para obtener más
información, visite www.direxion.com.

WARNING: No hay garantía de que los Fondos alcancen sus objetivos de inversión.