Corporate Actions Impact ETF Investors With Liquidations and Mergers Several ETFs, including the Innovator Premium Income 10 Barrier ETF and Innovator U.S. Equity Accelerated ETF, underwent liquidations this April, returning cash to shareholders. Meanwhile, companies like Accolade and Pactiv Evergreen completed cash mergers, affecting share availability and portfolio composition for ETF investors navigating ongoing market adjustments.6