Direxion Daily Small Cap Bull 3X Shares V.TNA

Primary Symbol: TNA

The Fund seeks daily investment results before fees and expenses of 300% of the inverse or opposite of the daily performance of the Index. The Fund does not seek to achieve its stated investment objective for a period of time different than a trading day. The fund invests at least 80% of its net assets in financial instruments, such as swap agreements, and securities of the index, ETFs that track the index and other financial instruments that provide daily leveraged exposure to the index or ETFs that track the index. The index measures the performance of approximately 2,000 small-capitalization companies in the Russell 3000 Index, based on a combination of their market capitalization and current index membership. The fund is non-diversified.

ARCA:TNA - Post by User

Direxion Daily Small Cap Bull 3X Shares > Agreement posted

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Comment by snajemon Sep 12, 2022 5:28pm

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Post# 34957887

RE:Agreement posted

Robbie842 wrote: The full agreement is posted on SEDAR for anyone who wants to look it over.

as expected, the majority of minority rule applies. Transaction can't go through if more than 10% of shareholders dissent. That's a low bar, and given how soft the offer is, this could get interesting.

Also would draw attention to closing cash definition. It's not net of the mortgage debt, and they are allowed to keep the debt outstanding. There will likely be about $0.07 of excess cash per share above the u$28MM which can be (and should be) distributed prior to closing.

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