An anonymous director reports

CIBC ASSET MANAGEMENT ANNOUNCES MAY 2022 MONTHLY CASH DISTRIBUTIONS FOR CIBC ETFS AND SPECIAL DISTRIBUTIONS FOR CIBC MULTIFACTOR ETFS

Canadian Imperial Bank of Commerce's CIBC Asset Management Inc. has declared the May, 2022, monthly cash distributions for CIBC exchange-traded funds and the ETF series of the CIBC fixed-income pools, which distribute monthly. In addition, CIBC Asset Management has also declared a special distribution for each of CIBC Multifactor Canadian Equity ETF and CIBC Multifactor U.S. Equity ETF.

As previously disclosed on May 16, 2022, the CIBC Multifactor ETFs will be terminated on or about July 29, 2022. CIBC Asset Management will also issue an additional press release on or about the termination date confirming the final details of the terminations.

Unitholders of the CIBC ETFs of record on May 31, 2022, will receive cash distributions on June 3, 2022. Details of the final per-unit distribution amounts are provided in an attached table.

The special distributions will be paid on or about June 3, 2022, to unitholders of the CIBC Multifactor ETFs of record on May 31, 2022. Details of the final per-unit special distribution amounts are provided in an attached table.

About Canadian Imperial Bank of Commerce

CIBC is a leading North American financial institution with 11 million personal banking, business, public-sector and institutional clients. Across personal and business banking, commercial banking and wealth management, and capital market 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.