Press Release: CIBC Asset Management announces CIBC ETF cash distributions for September 2020
CIBC Asset Management announces CIBC ETF cash distributions for September 2020
Canada NewsWire
TORONTO, Sept. 24, 2020
TORONTO, Sept. 24, 2020 /CNW/ - CIBC (TSX: CM) (NYSE: CM) -- CIBC Asset Management Inc. today announced the September 2020 cash distributions for CIBC ETFs, which distribute monthly and quarterly.
Unitholders of record on September 30, 2020, will receive cash distributions payable on October 5, 2020. Details of the final "per unit" distribution amounts are as follows:
CIBC ETF TSX Ticker Symbols Cash Distribution Per Unit ($)
CIBC Active Investment Grade Floating Rate Bond ETF CAFR $0.026
CIBC Active Investment Grade Corporate Bond ETF CACB $0.045
CIBC Flexible Yield ETF (CAD-Hedged) CFLX $0.057
CIBC Multifactor Canadian Equity ETF CMCE $0.095
CIBC Multifactor U.S. Equity ETF CMUE $0.050
CIBC Multifactor U.S. Equity ETF (CAD-Hedged) CMUE.F $0.048
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 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 with offices in the United States and around the world. Ongoing news releases and more information about CIBC can be found at www.cibc.com/en/about-cibc/media-centre.html.
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 $143 billion in assets under administration as of June 2020.
SOURCE CIBC
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/CONTACT:
Nima Ranawana, 647-456-4556 or nima.ranawana@cibc.com
/Web site: www.cibc.com
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September 24, 2020 07:00 ET (11:00 GMT)