TORONTO, Dec. 7, 2020 /CNW/ - CIBC (TSX: CM)
(NYSE: CM) – CIBC Asset Management Inc. today announced the
estimated 2020 annual reinvested capital gains distributions for
the CIBC ETFs and ETF Series of the CIBC Fixed Income Pools. The
distribution estimates are based on information available as of
October 30, 2020, and are subject to
change prior to the final distribution.
These estimates are for the year-end capital gains distributions
only, and do not include cash distributions for December 2020. 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,
2020, will receive the 2020 annual reinvested distributions.
The final year-end capital gains distribution amounts, as well as
the cash distribution amounts for December
2020, are expected to be announced on December 23, 2020. The actual taxable amounts of
cash and reinvested distributions for 2020, including the tax
characteristics of the distributions, will be reported in 2021.
Details of the per-unit estimated annual reinvested capital
gains distribution amounts are as follows:
|
CIBC ETF and ETF
Series
|
TSX Ticker
Symbols
|
Estimated annual
capital
gain per unit as of
October 30, 2020 ($)
|
|
CIBC Active
Investment Grade Floating Rate Bond ETF
|
CAFR
|
$
0
|
|
CIBC Active
Investment Grade Corporate Bond ETF
|
CACB
|
$
0.1136
|
|
CIBC Flexible Yield
ETF (CAD-Hedged)
|
CFLX
|
$
0
|
|
CIBC Conservative
Fixed Income Pool - ETF Series
|
CCNS
|
$
0.0414
|
|
CIBC Core Fixed
Income Pool - ETF Series
|
CCRE
|
$
0
|
|
CIBC Core Plus Fixed
Income Pool - ETF Series
|
CPLS
|
$
0
|
|
CIBC Multifactor
Canadian Equity ETF
|
CMCE
|
$
0
|
|
CIBC Multifactor U.S.
Equity ETF (Common units)
|
CMUE
|
$
0
|
|
CIBC Multifactor U.S.
Equity ETF (Hedged units)
|
CMUE.F
|
$
0
|
|
CIBC Global Growth
ETF
|
CGLO
|
$
0
|
|
CIBC International
Equity ETF
|
CINT
|
$
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.
ETF Series of the CIBC Fixed Income Pools and 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 ETF Series of
the CIBC Fixed Income Pools or CIBC ETFs. Please read the CIBC
Fixed Income Pools prospectus and 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. Exchange traded
funds (ETFs) and ETF Series are not guaranteed, their values change
frequently and past performance may not be repeated. ETF Series of
the CIBC Fixed Income Pools and 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 Strategic Beta 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 $145
billion in assets under administration as of October 2020.
SOURCE CIBC