Five Forward (NOT REVERSE) Splits Additionally, Direxion will execute forward splits of the Direxion Daily Brazil Bull 3X Shares, Direxion Daily Real Estate Bull 3X Shares, Direxion Daily 20+ Treasury Bull 3X Shares, Direxion Daily Gold Miners Index Bull 3X Shares and the Direxion Daily Junior Gold Miners Index Bull 3X Shares. After the close of the markets on Aug. 24, 2016 (the "Payable Date"), each Fund will affect a split of its issued and outstanding shares as follows: ETF Ticker Forward Split Ratio Approximate Increase In Total Number Of Outstanding Shares Direxion Daily Brazil Bull 3X Shares BRZU 4-for-1 300% Direxion Daily Real Estate Bull 3X Shares DRN 4-for-1 300% Direxion Daily 20+ Treasury Bull 3X Shares TMF 4-for-1 300% Direxion Daily Gold Miners Index Bull 3X Shares NUGT 5-for-1 400% Direxion Daily Junior Gold Miners Index Bull 3X Shares JNUG 10-for-1 900%