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Direxion Daily Emrg Mkts Bull 3X ETF Message Board

  • jbmjbmjbm01 jbmjbmjbm01 Dec 26, 2009 12:35 PM Flag

    Tax Distributions.

    Direxion on the other hand announced considerable tax-distributions. The ex-dividend date for Direxion was November 20th. No prior notice was given by Direxion. As per Direxion's distribution announcement, the distributions ranged from 7.48% to 14.70% of NAV (on 11-20-09). Below is a list of affected ETFs. More than 99% of gains are considered short-term capital gains for tax purposes.

    Direxion Daily Emerging Market Bull 3x Shares (NYSEArca: EDC - News): 14.70%

    What's a "tax distribution"?

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    • It is like a dividend, but it might be treated differently on your taxes. Good question. Your broker will hopefully send you a form that gives you some insight on how to put it on your tax return.

      If you held EDC on Nov 19/20, you will have to pay taxes on the distribution you received.

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