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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

Post by Fansseon Nov 30, 2022 6:15pm
143 Views
Post# 35141321

Maverick has matched the offer

Maverick has matched the offerUnder the Amended Arrangement Agreement, Maverick has not only matched the US$0.605 price per Share offered under the TIL Offer, subject to adjustment, but has also matched the provisions of the TIL Offer relating to Closing Cash (as defined in the Maverick Agreement), including lowering the threshold of the Closing Cash condition precedent from US$28,000,000 to US$25,000,000 and lowering the price adjustment threshold from US$26,000,000 to US$23,000,000, as more particularly described hereafter. In all other material respects, the transaction contemplated in the Amended Arrangement Agreement is the same as the transaction contemplated in the Maverick Agreement, as described in the Notice of Special Meeting of Shareholders and Management Proxy Circular of the Company dated October 21, 2022 (the “Circular”).
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