{"id":515413,"date":"2021-07-20T17:19:20","date_gmt":"2021-07-20T21:19:20","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/innovator-etfs-to-liquidate-innovator-ibd-etf-leaders-etf-ldrs\/"},"modified":"2021-07-20T17:19:20","modified_gmt":"2021-07-20T21:19:20","slug":"innovator-etfs-to-liquidate-innovator-ibd-etf-leaders-etf-ldrs","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/innovator-etfs-to-liquidate-innovator-ibd-etf-leaders-etf-ldrs\/","title":{"rendered":"Innovator ETFs to Liquidate Innovator IBD ETF Leaders ETF (LDRS)"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">CHICAGO, July  20, 2021  (GLOBE NEWSWIRE) &#8212; <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=bE9zrOTbw9v-GZYnhUQiDAKVII0PIZbAPYqaTWhQkqBm6zTNVPXOitHF7vF1wNSNHSDIsUSAnj2Gnaqh0Io1Tudqo1HABlhnNfBlI4iytFV62Q_wf70Aw4yJ-um8YFF0\" rel=\"nofollow noopener\" target=\"_blank\">Innovator Capital Management, LLC<\/a> (Innovator) today announced the scheduled liquidation of the <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=bE9zrOTbw9v-GZYnhUQiDJKtcUUwuOd6lW2fJaxxoKbIWN5Q72-i4Og56Kn_YUfXhJH_ZB1y8Lvk9MjSWOzLIIkqhgJK3SJz2EUaZruh4udAqjHeHncuPbIX9i_zB1Espw5H0-kYMhUBPzC8C4FfXw==\" rel=\"nofollow noopener\" target=\"_blank\">Innovator IBD\u00ae ETF Leaders ETF<\/a> (NYSE Arca: LDRS) (the \u201cFund\u201d). Based upon the recommendation of Innovator, the Fund\u2019s investment adviser, the Board of Trustees of the Innovator ETFs Trust unanimously determined that it was in the best interests of the Fund and its shareholders to liquidate the Fund.<\/p>\n<p align=\"justify\">Shareholders may sell their holdings in LDRS prior to the end of the trading day on August 13, 2021. Customary brokerage charges may apply to these transactions. The Fund will cease trading at the end of the trading day on Friday, August 13, 2021 and the shares will subsequently be de-listed. No new creation units will be sold after that time, and the Fund will liquidate on or around Friday, August 20, 2021. Any person holding shares in the Fund as of the liquidation date will receive a cash redemption amount equal to the net asset value of their shares as of that date. Shareholders generally will recognize a capital gain or loss on any redemption. The Fund may pay one or more dividends or other distributions prior to or along with any redemption payment.<\/p>\n<p align=\"justify\">Innovator Capital Management, LLC will bear all fees 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.<\/p>\n<p align=\"justify\">\u201cWe greatly value our partnership with Investor\u2019s Business Daily, and we look forward to working together with them on other indexes as the basis of compelling investment solutions,\u201d said Bruce Bond, CEO of Innovator.<\/p>\n<p align=\"justify\">Innovator led all ETF issuers in number of new fund listings in 2019 and was second in 2020. Innovator has launched sixteen ETFs year-to-date and plans to list another eight by October 1<sup>st<\/sup>.<\/p>\n<p align=\"justify\">For additional information about the liquidation, shareholders of the Fund may call (800) 208-5212, extension 119.<\/p>\n<p align=\"justify\">\n        <strong>About Investor\u2019s Business Daily<\/strong><br \/>\n        <br \/>Investor\u2019s Business Daily is a leading financial news and research organization recognized for providing stock screens, comparative performance ratings, and unique commentary helping investors zero in on top performing growth stocks and ETFs. The company takes a data-first approach to investing, educating investors about how to invest successfully using tested methods and sound research. IBD has honed its approach over the last 50 years to help investors make smarter decisions and offers individual and professional investors a comprehensive lineup of print and online products, all based on a powerful investing system that has dramatically outperformed the S&amp;P 500. IBD<sup>\u00ae<\/sup> was founded April 9, 1984 by William J. O&#8217;Neil, who also originated CAN SLIM.<\/p>\n<p align=\"justify\">\n        <strong>About Innovator Capital Management, LLC<\/strong><br \/>\n        <br \/>Awarded ETF.com&#8217;s &#8220;ETF Issuer of the Year &#8211; 2019&#8221;, Innovator Capital Management LLC (Innovator) is an SEC-registered investment advisor (RIA) based in Wheaton, IL.\u00a0Formed in 2014, the firm is currently headed by ETF visionaries Bruce Bond and John Southard, founders of one of the largest ETF providers in the world. Bond and Southard reentered the asset management industry to bring to market first-of-their-kind investment opportunities, including the Defined Outcome ETFs\u2122, products\u00a0that they felt would\u00a0change the investing landscape and bring more certainty to the financial planning process. Innovator\u2019s category-creating Defined Outcome ETF\u2122 family includes Buffer ETFs\u2122, Floor ETFs, Stacker ETFs\u2122 and the Accelerated ETFs\u2122, the world\u2019s first ETFs to seek to offer a multiple of the upside return of a reference asset, up to a cap, with approximately single exposure on the downside. Buffer ETFs\u2122 and Floor ETFs\u2122 seek to provide investors structured exposures to broad markets, where the upside growth potential, buffer or floor against the downside, and outcome period are all known, prior to investing. Stacker ETFs<strong>\u2122<\/strong> are the world\u2019s first ETFs to offer a multiple or &#8220;stacked&#8221; exposure to two or three benchmark index ETFs (SPY, QQQ, IWM) to a cap, with only downside exposure to the SPY over a one year outcome period. Accelerated ETFs\u2122 are the world\u2019s first ETFs to seek to offer a multiple of the upside return of a reference asset, up to a cap, with approximately single exposure on the downside over an outcome period. Having launched the first Defined Outcome ETFs\u2122 in 2018 &#8212; the flagship Innovator S&amp;P 500 Buffer ETF\u2122 Suite \u2013 Innovator\u2019s solutions allow advisors to construct diversified portfolios with known outcome ranges to aid in risk management and financial planning. Built on a foundation of innovation and driven by a commitment to help investors better control their financial outcomes, Innovator is leading the Defined Outcome ETF Revolution\u2122.\u00a0For additional information, visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=J-a3-pbRK7Nr6gnNHbi2VAnnSEdqBpTBiSsHpO0BFqESLHoSDen7K2Ut-ZTAhx7Ofp0QX-f3DJegQDTd9Nt5Ze7FMvxHncH_Z-OsBlJfNjc=\" rel=\"nofollow noopener\" target=\"_blank\">www.innovatoretfs.com<\/a>.<\/p>\n<p>\n        <strong>Media Contact<\/strong><br \/>\n        <br \/>Paul Damon<br \/>+1 (802) 999-5526<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ZlLAKrTIbVxdPyRn1bnRrTNOKFR3EvGHMwdvPqSS3AeYppcoPXy0zZ8D_jCTT3YqAuD8yXm654omx7fcvElDUQ==\" rel=\"nofollow noopener\" target=\"_blank\">paul@keramas.net<\/a><\/p>\n<p>Investing involves risks. Principal loss is possible. ETFs face numerous market trading risks, including the potential lack of an active market for Fund shares, losses from trading in secondary markets, periods of high volatility and disruption in the creation\/redemption process of the Fund. Unlike mutual funds, ETFs may trade at a premium or discount to their net asset value. ETFs are bought and sold at market price and not individually redeemed from the fund. Brokerage commissions will reduce returns. It is not possible to invest directly in an index.<\/p>\n<p>The \u201cIBD\u00ae\u201d mark and logo have been licensed to the Adviser by Investor\u2019s Business Daily, Inc. (IBD) for use in connection with the Fund under certain circumstances. The Fund is not sponsored, endorsed or sold by IBD. IBD makes no representation regarding the advisability of investing in the Fund. Investor\u2019s Business Daily\u00ae mark and associated logos are used with permission by IBD.<\/p>\n<p>\n        <strong>The Fund\u2019s investment objectives, risks, charges and expenses should be considered before investing. The prospectus contains this and other important information, and may be obtained at innovatoretfs.com. Read it carefully before investing.<\/strong><br \/>\n        \n      <\/p>\n<p>Innovator ETFs are distributed by Foreside Fund Services, LLC.<\/p>\n<p align=\"justify\">Copyright \u00a9 2021 Innovator Capital Management, LLC.<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI4MzgzOCM0MzA2NTc5IzIyMDQzODQ=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/7af906ed-3b40-4af8-b07c-c94d15192414\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>CHICAGO, July 20, 2021 (GLOBE NEWSWIRE) &#8212; Innovator Capital Management, LLC (Innovator) today announced the scheduled liquidation of the Innovator IBD\u00ae ETF Leaders ETF (NYSE Arca: LDRS) (the \u201cFund\u201d). Based upon the recommendation of Innovator, the Fund\u2019s investment adviser, the Board of Trustees of the Innovator ETFs Trust unanimously determined that it was in the best interests of the Fund and its shareholders to liquidate the Fund. Shareholders may sell their holdings in LDRS prior to the end of the trading day on August 13, 2021. Customary brokerage charges may apply to these transactions. The Fund will cease trading at the end of the trading day on Friday, August 13, 2021 and the shares will subsequently be de-listed. No new &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/innovator-etfs-to-liquidate-innovator-ibd-etf-leaders-etf-ldrs\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Innovator ETFs to Liquidate Innovator IBD ETF Leaders ETF (LDRS)&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-515413","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Innovator ETFs to Liquidate Innovator IBD ETF Leaders ETF (LDRS) - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/innovator-etfs-to-liquidate-innovator-ibd-etf-leaders-etf-ldrs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Innovator ETFs to Liquidate Innovator IBD ETF Leaders ETF (LDRS) - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"CHICAGO, July 20, 2021 (GLOBE NEWSWIRE) &#8212; Innovator Capital Management, LLC (Innovator) today announced the scheduled liquidation of the Innovator IBD\u00ae ETF Leaders ETF (NYSE Arca: LDRS) (the \u201cFund\u201d). Based upon the recommendation of Innovator, the Fund\u2019s investment adviser, the Board of Trustees of the Innovator ETFs Trust unanimously determined that it was in the best interests of the Fund and its shareholders to liquidate the Fund. Shareholders may sell their holdings in LDRS prior to the end of the trading day on August 13, 2021. Customary brokerage charges may apply to these transactions. The Fund will cease trading at the end of the trading day on Friday, August 13, 2021 and the shares will subsequently be de-listed. 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/innovator-etfs-to-liquidate-innovator-ibd-etf-leaders-etf-ldrs\/","og_locale":"en_US","og_type":"article","og_title":"Innovator ETFs to Liquidate Innovator IBD ETF Leaders ETF (LDRS) - Market Newsdesk","og_description":"CHICAGO, July 20, 2021 (GLOBE NEWSWIRE) &#8212; Innovator Capital Management, LLC (Innovator) today announced the scheduled liquidation of the Innovator IBD\u00ae ETF Leaders ETF (NYSE Arca: LDRS) (the \u201cFund\u201d). Based upon the recommendation of Innovator, the Fund\u2019s investment adviser, the Board of Trustees of the Innovator ETFs Trust unanimously determined that it was in the best interests of the Fund and its shareholders to liquidate the Fund. Shareholders may sell their holdings in LDRS prior to the end of the trading day on August 13, 2021. Customary brokerage charges may apply to these transactions. The Fund will cease trading at the end of the trading day on Friday, August 13, 2021 and the shares will subsequently be de-listed. No new &hellip; Continue reading \"Innovator ETFs to Liquidate Innovator IBD ETF Leaders ETF (LDRS)\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/innovator-etfs-to-liquidate-innovator-ibd-etf-leaders-etf-ldrs\/","og_site_name":"Market Newsdesk","article_published_time":"2021-07-20T21:19:20+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI4MzgzOCM0MzA2NTc5IzIyMDQzODQ=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/innovator-etfs-to-liquidate-innovator-ibd-etf-leaders-etf-ldrs\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/innovator-etfs-to-liquidate-innovator-ibd-etf-leaders-etf-ldrs\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Innovator ETFs to Liquidate Innovator IBD ETF Leaders ETF (LDRS)","datePublished":"2021-07-20T21:19:20+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/innovator-etfs-to-liquidate-innovator-ibd-etf-leaders-etf-ldrs\/"},"wordCount":976,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/innovator-etfs-to-liquidate-innovator-ibd-etf-leaders-etf-ldrs\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI4MzgzOCM0MzA2NTc5IzIyMDQzODQ=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/innovator-etfs-to-liquidate-innovator-ibd-etf-leaders-etf-ldrs\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/innovator-etfs-to-liquidate-innovator-ibd-etf-leaders-etf-ldrs\/","name":"Innovator ETFs to Liquidate Innovator IBD ETF Leaders ETF (LDRS) - 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