Direxion Asset Management Closing 3X Leveraged Gold ETF

NEW YORK, May 26, 2015 /PRNewswire/ -- The Direxion Shares ETF Trust II has decided to liquidate and close the Direxion Daily Gold Bull 3X Shares (Ticker: BAR) exchange-traded fund ("the Fund") based on the recommendation of Direxion Asset Management, LLC ("Direxion"), the Fund's Sponsor.

Due to the Fund's inability to attract sufficient investment assets, Direxion believes the Fund cannot continue to conduct its business and operations in an economically efficient manner. As a result, Direxion concluded that liquidating and closing the Fund would be in the best interests of the Fund and its shareholders.

Shares of the Fund will stop trading on the NYSE Arca, Inc., and will no longer be open to purchase by investors, after the close of regular trading on June 19, 2015. Shareholders may sell their holdings in the Fund prior to June 19, 2015, and those transactions may be subject to customary brokerage charges. Between June 22, 2015 and June 26, 2015, shareholders may only be able to sell their shares to certain broker-dealers and there is no assurance that there will be a market for the Fund during that time period.

On June 26, 2015, the Fund will liquidate its assets and distribute cash pro rata to shareholders who have not previously redeemed or exchanged their shares. These payments are taxable and will include any accrued capital gains and dividends. The Fund's net asset value will reflect the costs of closing the Fund as calculated on the liquidation date. The Fund will close when the distributions are complete.

The process of closing down and liquidating the Fund's portfolio, scheduled to take place between June 22, 2015 and June 26, 2015, will result in the Fund not tracking its underlying index and experiencing an increase in cash holdings. These developments may not be consistent with the Fund's investment objective and strategy.

For more information about the liquidation and termination process, please contact Direxion Investments at 800-851-0511. For media inquiries, please contact James Doyle at 973-850-7308 or [email protected].

About Direxion Investments

Direxion Investments offers highly liquid, tactical and strategic institutional-quality ETFs and mutual funds for investors seeking to solve for better investment outcomes. Founded in 1997, the company has approximately $9.4 billion in assets under management as of March 31, 2015. Our diverse suite of products helps investors navigate today's ever-changing markets. For more information, please visit www.direxioninvestments.com.

An investor should consider the investment objectives, risks, charges, and expenses of Direxion ETFs carefully before investing. The prospectus and summary prospectus contains this and other information about Direxion ETFs. Download a prospectus and summary prospectus at www.direxioninvestments.com. The prospectus and summary prospectus should be read carefully before investing.

The Fund has a limited operating history, meaning there is little performance history that might serve as a basis to evaluate an investment in the Trust. The Sponsor has limited experience operating commodity pools.

The fund is not a mutual fund or any other type of investment company within the meaning of the Investment Company Act of 1940, as amended, and is not subject to regulation thereof. Unlike mutual funds, the fund generally will not distribute dividends to shareholders.

There is no guarantee that the fund will achieve its objective.

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

Risks of the Fund:

Investing in the Fund subjects an investor to the risks of the applicable commodity market, which investment could result in substantial fluctuations in the price of Fund shares and the possible loss of principal. Commodities and futures generally are volatile and are not suitable for all investors. The Fund is non-diversified and includes risks associated with concentration that results from the Fund's investment in a particular industry or sector, which can increase volatility. The use of derivatives such as futures contracts, forward contracts, options and swaps are subject to market risks that may cause their price to fluctuate over time. The Fund does not attempt to, and should not be expected to; provide returns which are a multiple of the return of the Index for periods other than a single day. For other risks including correlation, leverage, compounding, market volatility and specific risks regarding each sector, please read the prospectus.

Distributor: Foreside Fund Services, LLC.

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SOURCE Direxion Investments

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