Innovator ETFs® Announces Closure of ETFs
December 02 2024 - 6:55PM
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.
Name |
Ticker |
End of ETFOutcome Period |
TradingHalts |
Liquidation |
Innovator U.S. Equity Accelerated ETF® - January |
XDJA |
12/31/24 |
1/2/25 |
1/7/25 |
Innovator Premium Income 9 Buffer ETF™ - January |
HJAN |
12/31/24 |
1/2/25 |
1/7/25 |
Innovator Premium Income 10 Barrier ETF™ - January |
JAND |
12/31/24 |
1/2/25 |
1/7/25 |
Innovator Premium Income 40 Barrier ETF™ - January |
JANQ |
12/31/24 |
1/2/25 |
1/7/25 |
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 ContactFrank Taylor / Stephanie
Dressler(646) 808-3647 / (949) 269-2535Frank@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.
The following marks: Accelerated ETFs®, Accelerated Plus ETF®,
Accelerated Return ETFs®, Barrier ETF™, Buffer ETF™, Defined Income
ETF™, Defined Outcome Bond ETF®, Defined Outcome ETFs™, Defined
Protection ETF™, Define Your Future®, Enhanced ETF™, Floor ETF®,
Innovator ETFs®, Leading the Defined Outcome ETF Revolution™,
Managed Buffer ETFs®, Managed Outcome ETFs®, Stacker ETF™,
Step-Up™, Step-Up ETFs®, Target Protection ETF™, 100% Buffer ETFs™
and all related names, logos, product and service names, designs,
and slogans are the trademarks of Innovator Capital Management,
LLC, its affiliates or licensors. Use of these terms is strictly
prohibited without proper written authorization.
Innovator ETFs® are distributed by Foreside Fund Services, LLC.
Copyright © 2024
Innovator Capital Management, LLC | 800.208.5212
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