• Corporate Event: Direxion Daily Real Estate Bear 3X (DRV)- Effective Thursday, July 8, 2010

      • To
      • Clearing Member Firms
      • From
      • CME Clearing
      • #
      • 10-286
      • Notice Date
      • 08 July 2010
      • Effective Date
      • 08 July 2010

    • Direxion Daily Real Estate Bear 3X Shares (DRV) has announced a 1-for-5 reverse stock split.

      As a result of the reverse stock split, each DRV Share will be converted into the right to receive

      .20 (New) Direxion Daily Real Estate Bear 3X Shares. The reverse stock split will become effective

      prior to the opening of business on July 8, 2010.

       

      This corporate action will be coordinated with the Options Clearing Corporation.

       

      For the full text of this advisory, please click here.

       

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