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ETF Sponsor Direxion Shares Announces Reverse Share Split Of Six ETFs (FAS, DRV, LBJ, TMV, EDC)

October 5th, 2011

Direxion, a pioneer in providing alternative investment solutions to sophisticated investors, announced today it will execute reverse splits for six of its leveraged ETFs. The total market value of the shares outstanding will not be affected as a result of this reverse split, except with respect to the redemption of fractional shares, as outlined below.

The firm will execute a 1-for-5 reverse split of the shares of the Direxion Daily Real Estate Bear 3x Shares (NYSE:DRV), Direxion Daily Emerging Markets Bull 3x Shares (NYSE:EDC), Direxion Daily Financial Bull 3x Shares (NYSE:FAS), Direxion Daily Latin America Bull 3x Shares (NYSE:LBJ), and Direxion Daily 20+ Year Treasury Bear 3x Shares (NYSE:TMV) for shareholders of record after the close of the markets on Wednesday, November 9th, 2011.

Additionally, the firm will execute a 1-for-3 reverse split of the shares of the Direxion Daily Russia Bull 3x Shares (NYSE:RUSL) for shareholders of record after the close of the markets on Wednesday, November 9th, 2011.

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