TORONTO, June 23, 2020 /CNW/ - CIBC (TSX: CM)
(NYSE: CM) – CIBC Asset Management Inc. today announced the
June 2020 cash distributions for CIBC
ETFs, which distribute monthly and quarterly.
Unitholders of record on June 30,
2020, will receive cash distributions payable on
July 6, 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
|
$0.031
|
CIBC Active
Investment Grade
Corporate Bond ETF
|
CACB
|
$0.043
|
CIBC Flexible Yield
ETF (CAD-Hedged)
|
CFLX
|
$0.057
|
CIBC Multifactor
Canadian Equity ETF
|
CMCE
|
$0.122
|
CIBC Multifactor U.S.
Equity ETF
|
CMUE
|
$0.069
|
CIBC Multifactor U.S.
Equity ETF
(CAD-Hedged)
|
CMUE.F
|
$0.068
|
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 May 2020.
SOURCE CIBC Asset Management