CHICAGO, Nov. 30, 2023 (GLOBE NEWSWIRE) -- Innovator Capital Management, LLC (Innovator), pioneer and provider of the largest lineup of Defined Outcome ETFs, today announced its intention to close its January series of Stacker ETFs. Trading in the ETFs will be halted at the close of business on January 2nd, 2024.
The January series of Stacker ETFs includes the following three ETFs:
| Name | Ticker | End of ETF Outcome Period | Trading Halts | Liquidation |
| Innovator Triple Stacker ETF™ - January | TSJA | 12/31/2023 | 1/2/2024 | 1/5/2024 |
| Innovator Double Stacker ETF™ - January | DSJA | 12/31/2023 | 1/2/2024 | 1/5/2024 |
| Innovator Double Stacker 9 Buffer ETF™ - January | DBJA | 12/31/2023 | 1/2/2024 | 1/5/2024 |
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 January 2nd. If investors do not sell their shares before trading is halted, the shares will be automatically redeemed. After shares are redeemed, shareholders will receive cash equal to the amount of the January 5th net asset value (NAV) of their shares. Payment will be made in the form of a liquidating distribution that is electronically credited to shareholders’ brokerage or other applicable financial-intermediary accounts.
Innovator launched the suite of Stacker ETFs seeking to provide investors a way of pursuing enhanced upside potential without taking on additional downside risk. Innovator believes its suite of Accelerated ETFs offers a way to pursue this objective with greater precision and efficiency.
The combined assets under management in the three Stacker ETFs was $14 million as of November 15, 2023, representing 0.1% 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 contains this and other important information, and it may be obtained at innovatoretfs.com. Read it carefully before investing.
Innovator ETFs are distributed by Foreside Fund Services, LLC. Copyright © 2023
Innovator Capital Management, LLC | 800.208.5212
