Direxion to Liquidate Two ETFs Due to Low Investment Assets

Due to their inability to attract sufficient investment assets, the Board of Trustees of the Direxion Shares ETF Trust has decided to liquidate and close two ETFs, OOTO and CLDL. The Board concluded that liquidating and closing the Funds would be in the best interest of the Funds and their shareholders. The Funds will cease trading on the NYSE Arca, Inc. and will be closed to purchase by investors as of the close of regular trading on July 24, 2025.

Shareholders may sell their holdings prior to the Closing Date, but from July 24, 2025, through July 30, 2025, shareholders may only be able to sell their shares to certain broker-dealers with no assurance of a market for the shares. Between the Closing Date and the Liquidation Date, each Fund will be in the process of closing down and liquidating its portfolio, which may result in not tracking its underlying index. On or about the Liquidation Date, each Fund will liquidate its assets and distribute cash pro rata to all shareholders who have not previously redeemed or sold their shares, with these distributions being taxable events.