Mr. Greg Gipson reports

CIBC GLOBAL ASSET MANAGEMENT EXPANDS ITS AVANTIS CIBC SUITE OF ETF OFFERINGS

CIBC Global Asset Management has launched three new Avantis CIBC ETFs (exchange-traded funds), expanding its lineup of ETF offerings.

Developed in collaboration with Avantis Investors, an investment offering from American Century Investments Inc., the ETFs provide broad market exposure, disciplined active oversight and convenient access through simple core portfolio solutions.

The initial offering of units has closed, and the three ETFs begin trading today on the Toronto Stock Exchange.

"We are pleased to introduce these new ETFs with Avantis Investors in one of the fastest-growing segments of the ETF market," said Greg Gipson, managing director and head of ETFs at CIBC Global Asset Management. "Building on the success of CAGE, these additions enhance our lineup of actively managed asset-allocation ETFs and give investors more choice across a range of investment objectives and risk tolerances."

The Avantis CIBC ETFs launching today are set out in the attached table.

"We have seen strong demand for complete asset-allocation solutions," said Phil McInnis, chief investment strategist at Avantis Investors. "That demand was reinforced in recent months through conversations with advisers across Canada. Following the successful launch of CAGE with CIBC Global Asset Management, we are pleased to build on that momentum with additional diversified, single-ticket solutions for advisers."

About Canadian Imperial Bank of Commerce

CIBC is a leading North American financial institution with 15 million personal banking, business, public sector and institutional clients. Across personal and business banking, commercial banking and wealth management, and capital markets, 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.