0001193125-15-200225.txt : 20150526 0001193125-15-200225.hdr.sgml : 20150525 20150526165236 ACCESSION NUMBER: 0001193125-15-200225 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20150526 DATE AS OF CHANGE: 20150526 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Direxion Shares ETF Trust II CENTRAL INDEX KEY: 0001496646 STANDARD INDUSTRIAL CLASSIFICATION: [6221] IRS NUMBER: 276710917 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 424B3 SEC ACT: 1933 Act SEC FILE NUMBER: 333-168227 FILM NUMBER: 15889987 BUSINESS ADDRESS: STREET 1: 1301 AVENUE OF THE AMERICAS (6TH AVENUE) STREET 2: 35TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 646-572-3390 MAIL ADDRESS: STREET 1: 1301 AVENUE OF THE AMERICAS (6TH AVENUE) STREET 2: 35TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 424B3 1 d930447d424b3.htm 424B3 424B3

Filed Pursuant to Rule 424(b)(3)

Registration No. 333-168227

DIREXION SHARES ETF TRUST II

Direxion Daily Gold Bull 3X Shares (BAR)

 

 

Supplement dated May 26, 2015

to Prospectus dated October 31, 2014

 

 

Shares of the Direxion Daily Gold Bull 3X Shares (the “Fund”), will cease trading on the NYSE Arca, Inc. (“NYSE”) and will be closed to purchase by investors as of the close of regular trading on the NYSE on June 19, 2015 (the “Closing Date”).

Shareholders may sell their holdings in the Fund prior to the Closing Date and customary brokerage charges may apply to these transactions. From June 22, 2015 through June 26, 2015 (the “Liquidation Date”), there is no assurance that there will be a market for the Fund’s shares. Between the Closing Date and the Liquidation Date, the Fund will be in the process of closing down and liquidating its portfolio. This process will result in the Fund increasing its cash holdings and, as a consequence, not tracking its underlying benchmark, which may not be consistent with the Fund’s investment objective and strategy.

On or about the Liquidation Date, the Fund will liquidate its assets and distribute cash pro rata to all remaining shareholders who have not previously redeemed or exchanged their shares. These distributions are taxable events. In addition, these payments to shareholders will include accrued capital gains and dividends, if any. As calculated on the Liquidation Date, the Fund’s net asset value will reflect the costs of closing the Fund. Once the distributions are complete, the Fund will terminate.

Direxion Asset Management, LLC, the Fund’s Sponsor, determined that the Fund could not continue to conduct its business and operations in an economically efficient manner over the long-term due to the Fund’s inability to attract sufficient investment assets to maintain a competitive operating structure, thereby hindering its ability to operate efficiently, and that it is in the best interests of the Fund and its shareholders to liquidate and terminate the Fund as described above.

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For more information, please contact the Fund at (866) 476-7523.

 

 

This supplement contains information which amends, supplements or modifies certain information contained in the Prospectus of the Direxion Shares ETF Trust II dated October 31, 2014. Please read it and keep it with your Prospectus for future reference.