Canadian Imperial Bank of Commerce will complete a special cash distribution to Honeywell CDR (CAD Hedged) holders of record as of Oct. 30, 2025, in connection with an anticipated spin-off transaction by Honeywell International Inc. of its advanced materials business into an independent, publicly traded company named Solstice Advanced Materials Inc. The transaction is expected to close on or about Oct. 30, 2025, resulting in a 1:4 distribution of Solstice Advanced Materials Inc. shares to Honeywell shareholders.

Holders of Honeywell CDR (CAD Hedged) will receive a special cash distribution, representing the pro rata value of Solstice Advanced Materials shares. Additional information regarding the distribution may be found on the notice dated Oct. 20, 2025, and posted to CIBC's CDR website.

Additional information regarding the distribution to be paid to the holders of the Honeywell CDR, including the cash amount per CDR, will be posted to CIBC's CDR website, once the transaction has closed.

Additional information regarding the transaction may be found in Honeywell's news release dated Oct. 1, 2025.

Security and trading information

Security name:  Honeywell CDR (CAD Hedged)

Symbol:  HON

Security type:  depositary receipt

Cusip No.:  438521 10 6

ISIN:  CA 438521 10 6 1

Record date:  Oct. 30, 2025

Ex date:  Oct. 30, 2025

Cash amount:  to be confirmed

Payment date:  Nov. 10, 2025