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Wheaton Today
By the People, for the People
Innovator Announces Shareholder Approval for ETF Reorganizations
Innovator IBD Breakout Opportunities and IBD 50 ETFs to be reorganized into new Capital-Force ETF Trust funds
Apr. 10, 2026 at 11:16pm
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The reorganization of Innovator's ETF lineup consolidates the firm's innovative risk-managed strategies under a streamlined product structure.Wheaton TodayInnovator Capital Management, LLC announced that shareholders of the Innovator IBD Breakout Opportunities ETF and Innovator IBD 50 ETF have approved the reorganization of each fund into newly-created series of the Capital-Force ETF Trust. The tax-free reorganizations are expected to close by the end of April 2026, pending satisfaction of closing conditions.
Why it matters
The reorganizations will consolidate Innovator's lineup of outcome-based ETFs under the Capital-Force ETF Trust, streamlining its product offerings and potentially improving operational efficiencies. As a leading active ETF sponsor, Innovator's moves could signal broader industry trends around ETF mergers and acquisitions.
The details
The shareholders of the Innovator IBD Breakout Opportunities ETF (NYSE Arca: BOUT) and Innovator IBD 50 ETF (NYSE Arca: FFTY) approved the reorganization of each fund into a corresponding newly-created series of the Capital-Force ETF Trust. Upon completion of the reorganizations, the assets of the Target Funds will be transferred to, and the liabilities will be assumed by, the respective Acquiring Funds.
- The special shareholder meeting was held on April 10, 2026.
- The reorganizations were previously approved by the Innovator ETFs Trust Board on January 21, 2026.
- The reorganizations are expected to close by the end of April 2026, pending satisfaction of closing conditions.
The players
Innovator Capital Management, LLC
A leading active ETF sponsor and the pioneer of outcome-based ETFs, including the largest lineup of Buffer ETFs. The firm managed 171 ETFs with approximately $31 billion in assets under management as of February 28, 2026.
Capital-Force ETF Trust
A newly-created series of ETFs that will serve as the Acquiring Funds for the reorganizations of the Innovator IBD Breakout Opportunities ETF and Innovator IBD 50 ETF.
What’s next
Subject to the satisfaction of certain customary closing conditions, the reorganizations are expected to close by the end of April 2026.
The takeaway
The consolidation of Innovator's ETF lineup under the Capital-Force ETF Trust reflects the firm's commitment to delivering innovative risk-managed strategies and streamlining its product offerings in the competitive active ETF space.
