CIBC Asset Management Announces Estimated Annual Reinvested Capital Gains Distributions for 2021 for CIBC ETFs and Series of ETFs

TORONTO, December 6, 2021 / CNW / – CIBC (TSX: CM) (NYSE: CM) – CIBC Asset Management Inc. today announced the estimated annual reinvested capital gains distributions for 2021 for the CIBC ETFs and Series of ETFs. Distribution estimates are based on information available as of October 26, 2021 and are subject to change prior to final distribution.

These estimates are for year-end capital gains distributions only and do not include cash distributions for December 2021. Annual capital gains distributions will be reinvested in additional units of the CIBC ETF or the ETF Series. Additional Units will be immediately consolidated with previously outstanding Units such that the number of Units outstanding after the distribution will equal the number of Units outstanding prior to the distribution.

Unitholders of record on December 31, 2021 will receive the reinvested annual distributions for 2021. Final year-end capital gains distribution amounts, as well as cash distribution amounts for December 2021, are expected to be announced on December 22. 2021. The actual taxable amounts of cash and reinvested distributions for 2021, including the tax characteristics of the distributions, will be disclosed in 2022.

The details of the estimated annual amounts of reinvested capital gains distributions per unit are as follows:

Distribution estimates are approximations only and are not guaranteed. Distribution estimates do not really indicate the return that Unitholders may receive. Estimates of year-end capital gains distributions are provided by CIBC Asset Management Inc. and are provided for informational purposes only. They do not reflect final awards for tax purposes. All values ​​are rounded to four decimal places and expressed in Canadian dollars, unless otherwise noted, and totals may not add up due to rounding.

CIBC ETFs and the ETF Series of Fixed Income Pools are managed by CIBC Asset Management Inc., a subsidiary of Canadian Imperial Bank of Commerce (CIBC) and are offered by registered dealers. The ETF Series of CIBC Sustainable Investing Solutions is managed by CIBC and distributed by CIBC Securities Inc. and CIBC Investor Services Inc., each of its wholly owned subsidiaries. Commissions, management fees, and expenses can all be associated with investing in exchange-traded funds (ETFs). Please read the prospectus or ETF Facts document before investing. To get a copy, call 1-888-888-3863, ask your advisor, or visit www.cibc.com/etfs. ETFs are not guaranteed, their values ​​change frequently, and past performance may not be repeated.

Certain trademarks of Canadian Imperial Bank of Commerce and / or certain of its affiliates (collectively “CIBC”) have been used under license by CIBC Asset Management Inc. for use in connection with the Multifactor ETF of CIBC Canadian Equity and CIBC Multifactor US Equity ETF (the “” CIBC Strategic Beta Equity ETF “). Securities of the CIBC Strategic Beta Equity ETFs are not sponsored, promoted, sold or endorsed by any other manner by CIBC or by the Index Calculation Agent, Solactive AG (“Solactive”), and CIBC or Solactive make no express or implied warranties or assurances either with respect to the results of the use the indices on which the CIBC Strategic Beta Equity ETFs are based, that is, the prices of the indices at any time or in any other respect. The prospectus of the CIBC ETFs contains a more detailed description of the limited relationship that CIBC and Solactive have between stand with CIBC Asset Management Inc. and the CIBC Strategic Beta Equity ETFs.

Morningstar® Canada Core Bond Index ™, Morningstar® Global ex-Canada Core Bond Hedged CAD Index ™, Morningstar® Canada Domestic Index ™, Morningstar® US Target Market Exposure Index ™, Morningstar® Developed Markets ex-North America Target Market Exposure Index ™ , and Morningstar® Emerging Markets Target Market Exposure Index ™ are trademarks or service marks of Morningstar, Inc., and have been licensed for use for certain purposes by CIBC Asset Management. CIBC Canadian Bond Index ETF, CIBC Global Non-Canada Bond Index ETF (Canadian Dollar Hedged), CIBC Canadian Equity Index ETF, CIBC US Equity Index ETF, CIBC International Equity Index ETF and CIBC Emerging Markets Equity Index ETF (collectively, the CIBC Index ETF) are not sponsored, endorsed, sold or promoted by Morningstar, and Morningstar makes no representation as to the advisability of investing in CIBC Index ETFs.

CIBC Private Wealth Advisors, Inc. (“CIBC PWA”) is the index provider of the CIBC Atlas Clean Energy Select Index (the “Index”) and is an affiliate of CIBC Asset Management Inc. However, CIBC PWA does not sponsor or endorse, sell or promote the CIBC Clean Energy Index ETF (the “CIBC Clean Energy ETF”) and makes no representation as to the advisability of investing in the CIBC Clean Energy ETF. CIBC PWA makes no express or implied warranties or assurances regarding the results of use of the index on which the CIBC Clean Energy ETF is based or the prices of the index at any time or in any other respect, and will not be responsible for the use or accuracy of the Index or any data included therein. The prospectus of the CIBC ETF contains more details about the limited relationship of CIBC PWA and CIBC Asset Management Inc. with respect to the CIBC Clean Energy ETF.

About CIBC
CIBC is a leading financial institution in North America with 11 million personal, corporate, public and institutional clients. In Personal and Small Business Banking, Commercial Banking and Wealth Management and Capital Markets, CIBC offers a full range of advice, solutions and services through its banking network leading digital technology and locations across Canada, the United States and around the world. Current press releases and more information about CIBC are available at www.cibc.com/ca/media-centre.

About CIBC Asset Management
CIBC Asset Management, Inc. (CAM), the asset management subsidiary of CIBC, provides a range of high quality investment management services and solutions to retail and institutional investors. CAM’s offerings include: a comprehensive mutual fund platform, strategic portfolio management solutions, discretionary investment management services for high net worth individuals and institutional portfolio management. CAM is one of the largest asset management companies in Canada, with more than $ 170 billion in assets under administration as of October 2021.

SOURCE CIBC

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