TORONTO, Dec. 22, 2021 /CNW/ -
CIBC (TSX: CM) (NYSE: CM) – CIBC Asset Management
Inc. today announced the estimated 2021 annual reinvested capital
gains distributions for the CIBC ETFs and ETF Series. This is an
update to estimated annual reinvested capital gains distributions
announced on December 6th, 2021. The
distribution estimates are subject to change prior to the final
distribution if the CIBC ETFs or ETF Series experience
subscriptions or redemptions prior to the ex-dividend date.
These estimates are for the year-end capital gains distributions
only, and do not include cash distributions for December 2021.
The annual capital gains distributions will be reinvested in
additional units of the 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 distribution will equal the number of units
outstanding prior to the distribution.
Unitholders of record as of December 31, 2021, will receive
the 2021 annual reinvested distributions. The final year-end
capital gains distribution amounts, are expected to be announced on
or about December 29, 2021. The actual taxable amounts of cash
and reinvested distributions for 2021, including the tax
characteristics of the distributions, will be reported in 2022.
Details of the per-unit estimated annual reinvested capital
gains distribution amounts are as follows:
CIBC
ETF
|
Ticker
Symbols
|
Exchange
|
Estimated
annual
capital gain per
unit ($)
|
CIBC Canadian Bond
Index ETF
|
CCBI
|
TSX
|
0
|
CIBC Global Bond
ex-Canada Index ETF (CAD-Hedged)
|
CGBI
|
TSX
|
0.2290
|
CIBC Canadian Equity
Index ETF
|
CCEI
|
TSX
|
0.1420
|
CIBC U.S. Equity
Index ETF
|
CUEI
|
TSX
|
0.0020
|
CIBC International
Equity Index ETF
|
CIEI
|
TSX
|
0.0070
|
CIBC Emerging Markets
Equity Index ETF
|
CEMI
|
TSX
|
0
|
CIBC Clean Energy
Index ETF
|
CCLN
|
NEO
|
0
|
CIBC Multifactor
Canadian Equity ETF
|
CMCE
|
TSX
|
0
|
CIBC Multifactor U.S.
Equity ETF (Common units)
|
CMUE
|
TSX
|
1.1770
|
CIBC Multifactor U.S.
Equity ETF (Common units)
|
CMUE.F
|
TSX
|
1.4770
|
CIBC Qx Canadian Low
Volatility Dividend ETF
|
CQLC
|
NEO
|
0
|
CIBC Qx U.S. Low
Volatility Dividend ETF
|
CQLU
|
NEO
|
0
|
CIBC Qx International
Low Volatility Dividend ETF
|
CQLI
|
NEO
|
0
|
CIBC Active
Investment Grade Floating Rate Bond ETF
|
CAFR
|
TSX
|
0
|
CIBC Active
Investment Grade Corporate Bond ETF
|
CACB
|
TSX
|
0
|
CIBC Flexible Yield
ETF (CAD-Hedged)
|
CFLX
|
TSX
|
0
|
CIBC Global Growth
ETF
|
CGLO
|
TSX
|
0.0190
|
CIBC International
Equity ETF
|
CINT
|
TSX
|
0.0110
|
ETF Series
|
|
|
|
CIBC Conservative
Fixed Income Pool – ETF Series
|
CCNS
|
TSX
|
0.0083
|
CIBC Core Fixed
Income Pool – ETF Series
|
CCRE
|
TSX
|
0.0149
|
CIBC Core Plus Fixed
Income Pool – ETF Series
|
CPLS
|
TSX
|
0
|
CIBC Sustainable
Canadian Core Plus Bond Fund – ETF Series
|
CSCP
|
NEO
|
0
|
CIBC Sustainable
Conservative Balanced Solution – ETF Series
|
CSCB
|
NEO
|
0.0630
|
CIBC Sustainable
Balanced Solution – ETF Series
|
CSBA
|
NEO
|
0
|
CIBC Sustainable
Balanced Growth Solution – ETF Series
|
CSBG
|
NEO
|
0
|
CIBC Sustainable
Canadian Equity Fund – ETF Series
|
CSCE
|
NEO
|
0
|
CIBC Sustainable
Global Equity Fund – ETF Series
|
CSGE
|
NEO
|
0
|
Distribution estimates are only approximations, and are not
guaranteed. Distribution estimates do not actually denote the yield
unitholders may receive. The year-end capital gains distribution
estimates are provided by CIBC Asset Management Inc. and are for
information purpose only. They do not reflect final attributions
for tax purposes. All values are rounded to four decimal places and
expressed in Canadian dollars, unless otherwise indicated, and
totals may not sum due to rounding.
CIBC ETFs and ETF Series of the CIBC Fixed Income Pools are
managed by CIBC Asset Management Inc., a subsidiary of Canadian
Imperial Bank of Commerce (CIBC) and are offered by registered
dealers. The ETF Series of the CIBC Sustainable Investment
Solutions are managed by CIBC and distributed by CIBC Securities
Inc. and CIBC Investor Services Inc., each wholly-owned
subsidiaries. Commissions, management fees and expenses all may be
associated with investments in exchange traded funds (ETFs). Please
read the prospectus or ETF Facts document before investing. To
obtain a copy, call 1-888-888-3863, ask your advisor or
visit www.cibc.com/etfs. ETFs are not guaranteed, their values
change frequently and past performance may not be repeated.
Certain trademarks of Canadian Imperial Bank of Commerce and/or
certain of its affiliates (collectively "CIBC") have been licensed
by CIBC Asset Management Inc. for use in connection with the CIBC
Multifactor Canadian Equity ETF and CIBC Multifactor U.S. Equity
ETF (the "CIBC Strategic Beta Equity ETFs"). The securities of the
CIBC Strategic Beta Equity ETFs are not sponsored, promoted, sold
or supported in any other manner by CIBC or by the index
calculation agent, Solactive A.G. ("Solactive") nor do CIBC or
Solactive offer any express or implicit guarantee or assurance
either with regard to the results of using the Indices on which the
CIBC Strategic Beta Equity ETFs are based, or the index prices at
any time or in any other respect. The prospectus of the CIBC ETFs
contains a more detailed description of the limited relationship
CIBC and Solactive have with CIBC Asset Management Inc. and the
CIBC Strategic Beta Equity ETFs.
Morningstar® Canada Core Bond Index™, Morningstar® Global
ex-Canada Core Bond Hedged CAD Index™, Morningstar® Canada Domestic
Index™, Morningstar® US Target Market Exposure Index™, Morningstar®
Developed Markets ex-North America Target Market Exposure Index™,
and Morningstar® Emerging Markets Target Market Exposure Index™ are
trademarks or service marks of Morningstar, Inc., and have been
licensed for use for certain purposes by CIBC Asset Management.
CIBC Canadian Bond Index ETF, CIBC Global Bond ex-Canada Index ETF
(CAD-Hedged), CIBC Canadian Equity Index ETF, CIBC U.S. Equity
Index ETF, CIBC International Equity Index ETF and CIBC Emerging
Markets Equity Index ETF (collectively, the CIBC Index ETFs) are
not sponsored, endorsed, sold or promoted by Morningstar, and
Morningstar makes no representation regarding the advisability of
investing in the CIBC Index ETFs.
CIBC Private Wealth Advisors, Inc. ("CIBC PWA") is the index
provider for the CIBC Atlas Clean Energy Select Index (the "Index")
and is an affiliate of CIBC Asset Management Inc. However,
CIBC PWA does not sponsor, endorse, sell or promote the CIBC Clean
Energy Index ETF (the "CIBC Clean Energy ETF") and further makes no
representation regarding the advisability of investing in the CIBC
Clean Energy ETF. CIBC PWA does not offer any express or
implicit guarantee or assurance with regard to the results of using
the Index on which the CIBC Clean Energy ETF is based or the index
prices at any time or in any other respect, and will not be liable
with respect to the use or accuracy of the Index or any data
included therein. The CIBC ETF prospectus contains more details on
the limited relationship of CIBC PWA and CIBC Asset Management Inc.
related to the CIBC Clean Energy ETF.
About CIBC
CIBC is a leading North American financial
institution with 11 million personal banking, business, public
sector and institutional clients. Across Personal and Small
Business Banking, Commercial Banking and Wealth Management, and
Capital Markets 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. Ongoing news releases and more
information about CIBC can be found
at www.cibc.com/ca/media-centre.
About CIBC Asset Management
CIBC Asset Management,
Inc. (CAM), the asset management subsidiary of CIBC, provides a
range of high-quality investment management services and solutions
to retail and institutional investors. CAM's offerings include: a
comprehensive platform of mutual funds, strategic managed portfolio
solutions, discretionary investment management services for
high-net-worth individuals, and institutional portfolio management.
CAM is one of Canada's largest asset management firms,
with over $170 billion in assets under administration as
of November 2021.
SOURCE CIBC Asset Management Inc.