An anonymous director reports

CIBC ASSET MANAGEMENT ANNOUNCES FINAL 2023 ANNUAL REINVESTED CAPITAL GAINS DISTRIBUTIONS FOR CIBC ETFS AND ETF SERIES

Canadian Imperial Bank of Commerce's CIBC Asset Management Inc. has declared the final 2023 annual reinvested capital gains distributions for the CIBC exchange-traded funds and the ETF series of CIBC fixed-income pools and CIBC sustainable investment solutions.

These amounts are for the year-end capital gains distributions only, and do not include cash distributions for December, 2023. The annual capital gains distributions will be reinvested in additional units of the CIBC ETF or ETF series. The additional units will be immediately consolidated with the previously outstanding units such that the number of outstanding units following the distributions will equal the number of units outstanding prior to the distributions.

Unitholders of record as of Dec. 29, 2023, will receive the 2023 annual reinvested distributions. The actual taxable amounts of cash and reinvested distributions for 2023, including the tax characteristics of the distributions, will be reported in 2024.

Details of the per-unit final annual reinvested capital gains distribution amounts are provided in an attached table.

About Canadian Imperial Bank of Commerce

CIBC is a leading North American financial institution with 14 million personal banking, business, public-sector and institutional clients. Across personal and business banking, commercial banking and wealth management, and capital markets and direct financial services businesses, CIBC offers a full range of advice, solutions and services through its leading digital banking network, and locations across Canada, in the United States and around the world.