An anonymous director reports
CIBC ASSET MANAGEMENT ANNOUNCES FINAL 2022 ANNUAL REINVESTED CAPITAL GAINS DISTRIBUTIONS FOR CIBC ETFS AND ETF SERIES
Canadian Imperial Bank of Commerce's CIBC Asset Management Inc. has declared final 2022 annual reinvested capital gains distributions for the CIBC exchange-traded funds and ETF series.
These amounts are for the year-end capital gains distributions only and do not include cash distributions for December, 2022. The annual capital gains distributions will be reinvested in additional units of the respective 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. 30, 2022, will receive the 2022 annual reinvested distributions. The actual taxable amounts of cash and reinvested distributions for 2022, including the tax characteristics of the distributions, will be reported in 2023.
Details of the per-unit estimated 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 13 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.
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