Direxion Shares Etf Trust: reverse splits of certain funds; Effective Date – July 8, 2010…..
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Issue (Symbol) (Old CUSIP) – Reverse Split Ratio – New CUSIP
- Direxion Daily Technology Bear 3X Shares (TYP)(25459W201) – 1:5 – 25459W318
- Direxion Daily Real Estate Bear 3X Shares (DRV)(25459W748) – 1:5 – 25459W334
- Direxion Daily Small Cap Bear 3X Shares (TZA)(25459W839) – 1:5 – 25459W326
- Direxion Daily Energy Bear 3X Shares (ERY)(25459W870) – 1:5 – 25459W342
In each reverse split, each 5.0 outstanding shares of each Fund will be will be exchanged for 1.0 new share of each Fund pursuant to the ratio noted above. No fractional shares will be issued; rather, cash will be paid in lieu of such fractional shares.Open orders in the each of the Funds at the close of business on Wednesday, July 7, 2010 will be canceled. The new shares of each Fund will be admitted to trading at the opening of business on Thursday, July 8, 2010.The ticker symbols will not change.
Source: ETFWorld – NYSE Arca
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