Canadian Imperial Bank of Commerce's non-cumulative rate reset Class A preferred shares, Series 41 (non-viability contingent capital (NVCC)) (symbol CM.PR.P), will be delisted at the clos eon Jan. 31, 2025. According to the TSX, CIBC will redeem the Series 41 shares on Jan. 31, 2025, for $25 per share.

The final quarterly dividend of 24.4313 cents per Series 41 share, covering the period from Nov. 1, 2025, to Jan. 31, 2025, will be paid in the usual manner on Jan. 28, 2025, to holders of record on Dec. 27, 2024. This dividend will be paid separately from the redemption price.

In order to receive the redemption price in respect of the Series 41 shares, holders must surrender the certificates representing such preferred shares, together with a duly completed and executed letter of transmittal, at the principal offices of TSX Trust Company in Toronto.

For more information, see CIBC's news release dated Dec. 18, 2024.