Innovator ETFs to liquidate Innovator IBD ETF Leaders ETF (LDRS)
CHICAGO, July 20, 2021 (GLOBE NEWSWIRE) – Innovator Capital Management, LLC (Innovator) today announced the planned liquidation of the Innovator IBD® ETF Leaders ETF (NYSE Arca: LDRS) (the “Fund”). Based on the recommendation of Innovator, the Fund’s Investment Advisor, the Board of Trustees of Innovator ETFs Trust has unanimously determined that it is in the best interests of the Fund and its shareholders to wind up the Fund. .
Shareholders may sell their interests in LDRS before the end of trading day on August 13, 2021. Standard brokerage fees may apply to these transactions. The Fund will cease to trade at the end of the trading day of Friday August 13, 2021 and the shares will then be delisted. After this date, no new creation units will be sold and the FCP will be liquidated around Friday August 20, 2021. Anyone holding FCP shares on the liquidation date will receive a cash redemption amount equal to the net asset value of their actions on that date. Shareholders will generally recognize a capital gain or loss on any redemption. The Fund may pay one or more dividends or other distributions before or at the same time as any redemption payment.
Innovator Capital Management, LLC will bear all costs and expenses that may be incurred in connection with the liquidation of the Fund and the distribution of cash proceeds to investors, other than brokerage fees and other related expenses.
“We greatly appreciate our partnership with Investor’s Business Daily, and look forward to working with them on other indices as a basis for compelling investment solutions,” said Bruce Bond, CEO of Innovator.
Innovator topped all ETF issuers for the number of new fund listings in 2019 and finished second in 2020. Innovator has launched sixteen ETFs since the start of the year and plans to list eight more by October 1st.st.
For more information on the liquidation, shareholders of the Fund can call (800) 208-5212, ext. 119.
About Investor’s Business Daily
Investor’s Business Daily is a leading financial research and reporting organization known for its stock analysis, comparative performance ratings and unique commentary helping investors focus on growth stocks and top performing ETFs. . The company takes a data-driven approach to investing, educating investors on how to invest successfully using proven methods and solid research. IBD has refined its approach over the past 50 years to help investors make smarter decisions and offers retail and professional investors a full range of print and online products, all based on a powerful investment system that has significantly outperformed the S&P 500. IBD® was founded on April 9, 1984 by William J. O’Neil, also the founder of CAN SLIM.
About Innovator Capital Management, LLC
Awarded ETF.com “ETF Issuer of the Year – 2019”, Innovator Capital Management LLC (Innovator) is an SEC Registered Investment Advisor (RIA) based in Wheaton, IL. Founded in 2014, the company is currently led by ETF visionaries Bruce Bond and John Southard, founders of one of the world’s largest ETF providers. Bond and Southard re-enter the asset management industry to bring unique investment opportunities to market, including Defined Income ETFs ™, products they believe would change the investment landscape. and bring more certainty to the financial planning process. The Defined Income ETF ™ family that creates an Innovator category includes Buffer ™ ETFs, Floor ETFs, Stacker ™ ETFs and Accelerated ™ ETFs, the world’s first ETFs to seek to offer a multiple of return at the rise of a benchmark asset, up to a cap, with approximately one downside exposure. Buffer ETFs ™ and Floor ETFs ™ seek to provide investors with structured exposures to broad markets, where the upside growth potential, the downside buffer or floor and the earnings period are all known, before they go. invest. ETF stackers™ are the first ETFs in the world to offer multiple or “stacked” exposure to two or three benchmark ETFs (SPY, QQQ, IWM) up to a cap, with only downside exposure to SPY over a period of result of one year. Accelerated ETFs ™ are the first ETFs in the world to seek to offer a multiple of the bullish return of a benchmark asset, up to a cap, with approximately one exposure to the downside over an earnings period. After launching the first Defined Result ETFs ™ in 2018 – the flagship suite of Innovator S&P 500 Buffer ETF ™ – Innovator solutions enable advisors to build diversified portfolios with known ranges of results to facilitate risk management and financial planning. Built on a foundation of innovation and driven by a commitment to helping investors gain more control over their financial results, Innovator leads the Defined Outcome ETF Revolution ™. For more information, visit www.innovatoretfs.com.
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Investing involves risks. The main loss is possible. ETFs face many trading risks, including the potential lack of an active market for the Fund’s shares, trading losses in secondary markets, periods of high volatility and market disruptions. Fund creation / redemption process. Unlike mutual funds, ETFs can trade at a premium or at a discount to their net asset value. ETFs are bought and sold at market prices and are not redeemed individually by the fund. Brokerage commissions will reduce returns. It is not possible to invest directly in an index.
The “IBD®” trademark and logo have been licensed to the Adviser by Investor’s Business Daily, Inc. (IBD) for use in connection with the Fund in certain circumstances. The Fund is not sponsored, endorsed or sold by IBD. IBD makes no representation regarding the advisability of investing in the Fund. The Investor’s Business Daily® mark and associated logos are used with permission from IBD.
The investment objectives, risks, costs and expenses of the Fund should be taken into account before investing. The prospectus contains this and other important information and can be obtained at innovatoretfs.com. Read it carefully before investing.
Innovator ETFs are distributed by Foreside Fund Services, LLC.
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