Innovator ETFs® Announces Closure of ETFs

CHICAGO, Dec. 02, 2024 (GLOBE NEWSWIRE) -- Innovator Capital Management, LLC (Innovator), pioneer and provider of the largest lineup of Defined Outcome ETFs™, today announced its intention to close four ETFs. Please reference the table below for important dates surrounding the closure of each ETF.

The closing of the ETFs coincides with the end of their respective outcome periods. Shareholders may sell their ETF shares at any point during trading hours prior to the market close on its last day of trading. If investors do not sell their shares before trading is halted, the shares will be automatically redeemed on the liquidation date. After shares are redeemed, shareholders will receive cash equal to the amount of the net asset value (NAV) of their shares on the liquidation date. Payment will be made in the form of a liquidating distribution that is electronically credited to shareholders’ brokerage or other applicable financial-intermediary accounts.

The ETFs may pay one or more dividends or other distributions prior to, or along with, any redemption payment. As is the case with any redemption of ETF shares, these liquidation proceeds will generally be subject to federal and, as applicable, state and local income taxes if the redeemed shares are held in a taxable account and the liquidation proceeds exceed the shareholder’s adjusted basis in the shares redeemed. Shareholders should consult with their tax adviser for further information regarding the federal, state and/or local income tax consequences of this liquidation that are relevant to their specific situation.

Innovator also intends to close the April, July, and October series of the funds listed above during the 2025 calendar year. More information about those closures will be released in the coming months.

The combined assets under management in the four ETFs listed above was $29 million as of November 15, 2024, representing 0.13% of Innovator's total AUM.

Media Contact
Frank Taylor / Stephanie Dressler
(646) 808-3647 / (949) 269-2535
Frank@dlpr.com / Stephanie@dlpr.com

The Funds have characteristics unlike many other traditional investment products and may not be suitable for all investors. For more information regarding whether an investment in the Fund is right for you, please see “ Investor Suitability” in the prospectus.

Investing involves risks. Loss of principal is possible. The Funds face numerous market trading risks, including active markets risk, authorized participation concentration risk, buffered loss risk, cap change risk, capped upside return risk, correlation risk, liquidity risk, management risk, market maker risk, market risk, non-diversification risk, operation risk, options risk, trading issues risk, upside participation risk and valuation risk. For a detail list of fund risks see the prospectus.

The Funds’ investment objectives, risks, charges and expenses should be considered carefully before investing. The prospectus and summary prospectus contains this and other important information, and it may be obtained at innovatoretfs.com. Read it carefully before investing.

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