Direxion Will Not Pay Capital Gain Distributions

Zero Capital Gains on all ETFs

NEW YORK—December 20, 2018—Direxion announced today it expects none of its ETFs to  pay a 2018 capital gain distribution.

“Investors are attracted to ETFs for both their transparency and tax efficiency,” said Sylvia Jablonski, Managing Director at Direxion. “This year we are pleased to announce all our ETFs delivered zero capital gain distributions to shareholders.”

Capital gain distribution and income amounts are subject to change and will vary from year to year. For specific tax advice, please consult a qualified tax professional.

Press Release (pdf)

 

About Direxion:

Direxion builds bold products for investors who want more than the status quo. Our index-based products deliver directional options, magnified exposure, and long-term, rules-based strategies. Founded in 1997, the company has approximately $13.4 billion in assets under management as of September 30, 2018. Direxion’s diverse suite of products helps investors navigate today’s ever-changing markets. For more information, please visit www.direxion.com.

 

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

For more information on all Direxion Shares daily leveraged ETFs, go to direxioninvestments.com, or call us at 866.476.7523.

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. 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.

An investor should carefully consider a Fund’s investment objective, risks, charges, and expenses before investing. A Fund’s prospectus and summary prospectus contain this and other information about the Direxion Shares. To obtain a Fund’s prospectus and summary prospectus call 646-798-9337 or visit our website at direxioninvestments.com. A Fund’s prospectus and summary prospectus should be read carefully before investing.

 

Direxion Shares Risks – An investment in each Fund involves risk, including the possible loss of principal. Each Fund is non-diversified and includes risks associated with the Funds’ concentrating their investments in a particular industry, sector, or geographic region which can result in increased volatility. The use of derivatives such as futures contracts and swaps are subject to market risks that may cause their price to fluctuate over time. Each Fund does not attempt to, and should not be expected to, provide returns which are three times the return of their underlying index for periods other than a single day. 

Distributor: Foreside Fund Services, LLC.