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New name for Innovator S&P High Quality Preferred ETF


Innovator Capital Management has approved a name change for the Innovator S&P High Quality Preferred ETF (EPRF) to the Innovator S&P Investment Grade Preferred ETF, effective 16 July 2018.

The ticker symbol, underlying index and CUSIP remain the same and current shareholders are not required to take any actions as a result of this change.
 
“EPRF is the only ETF on the market today providing access to a portfolio of 100 per cent investment grade preferred shares,” says Bruce Bond, Chief Executive Officer of Innovator Capital Management. “We believe renaming EPRF as the Innovator S&P Investment Grade Preferred ETF more accurately reflects the funds’ underlying holdings.”
 
“Many institutions, by mandate, are limited to investment grade credit quality instruments. Within the preferred asset class, EPRF is the only ETF that fulfils this requirement,” says Graham Day, CFA, Innovator’s Vice President of Product & Research. “We believe credit risk is at historically dangerous levels. EPRF is a timely solution for investors looking to improve credit quality in one’s portfolio.”

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