TORONTO, Dec. 27, 2019 /CNW/ - CIBC (TSX: CM)
(NYSE: CM) – CIBC Asset Management Inc. today announced the final
2019 annual reinvested capital gains distributions for the CIBC
ETFs.
These amounts are for the year-end capital gains distributions
only, and do not include cash distributions for December 2019. The annual capital gains
distributions will be reinvested in additional units of the CIBC
ETF. 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,
2019, will receive the 2019 annual reinvested distributions.
The actual taxable amounts of cash and reinvested distributions for
2019, including the tax characteristics of the distributions, will
be reported in 2020.
Details of the per-unit final annual reinvested capital gains
distribution amounts are as follows:
|
CIBC
ETF
|
TSX Ticker
Symbols
|
Final annual
capital gain
per unit ($)
|
|
CIBC Active
Investment Grade Floating Rate Bond ETF
|
CAFR
|
$
0
|
|
CIBC Active
Investment Grade Corporate Bond ETF
|
CACB
|
$
0.0445
|
|
CIBC Multifactor
Canadian Equity ETF
|
CMCE
|
$
0
|
|
CIBC Multifactor U.S.
Equity ETF (Common units)
|
CMUE
|
$
0.0149
|
|
CIBC Multifactor U.S.
Equity ETF (Hedged units)
|
CMUE.F
|
$
0
|
CIBC ETFs are managed by CIBC Asset Management Inc., a
subsidiary of Canadian Imperial Bank of Commerce. Commissions,
management fees and expenses all may be associated with investments
in exchange traded funds (ETFs). Please read the CIBC ETFs
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. CIBC ETFs are
offered by registered dealers.
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 Equity ETFs'). The securities of the CIBC 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 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 Equity ETFs.
About CIBC
CIBC is a leading North American financial
institution with 10 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 $140
billion in assets under administration as of November 2019.
SOURCE CIBC Asset Management
