CIBC Announces Updated Final Annual Reinvested Capital Gains Distributions for 2024
TORONTO, Dec. 31, 2024 /CNW/ – CIBC (TSX: CM) (NYSE: CM) is pleased to share updates from CIBC Asset Management Inc. regarding the revised final annual reinvested capital gains distributions for its ETFs, including the ETF Series of CIBC Fixed Income Pools and Sustainable Investment Solutions.
These figures pertain solely to the year-end capital gains distributions and do not encompass cash distributions for December 2024. The annual capital gains will be reinvested into additional units of the CIBC ETF or its ETFs Series, with the new units consolidating immediately with the existing units. As a result, the total number of outstanding units post-distribution will match those prior to the distribution.
Shareholders recorded as of December 31, 2024 will receive the annual reinvested distributions for 2024. The precise taxable amounts for both cash and reinvested distributions will be communicated in 2025, along with the tax attributes of these distributions.
Details of the Final Annual Reinvested Capital Gains Distributions
| CIBC ETF | Ticker Symbols | Exchange | Final Annual Capital Gain per Unit 2024 ($) |
|---|---|---|---|
| CIBC Canadian Bond Index ETF | CCBI | TSX | 0.0090 |
| CIBC Canadian Short Term Bond Index ETF | CSBI | TSX | 0.1080 |
| CIBC U.S. Equity Index ETF | CUEI | TSX | 0.1020 |
| CIBC Emerging Markets Equity Index ETF | CEMI | TSX | 0.0280 |
| CIBC Qx Canadian Low Volatility Dividend ETF | CQLC | CBOE | 1.3020 |
| CIBC International Equity ETF | CINT | TSX | 0.0110 |
CIBC ETFs and the ETF Series of Fixed Income Pools are managed by CIBC Asset Management Inc., a subsidiary of the Canadian Imperial Bank of Commerce (CIBC). These investment options are available through registered dealers. Investors should be aware of the associated commissions, management fees, and expenses before diving into exchange-traded funds (ETFs). It is essential to consult the prospectus or ETF Facts document prior to investment.
Trade marks such as Morningstar® Canada Core Bond Index™ and others are owned by Morningstar, Inc. and are licensed for specific purposes by CIBC Asset Management. It is important to note that the CIBC Index ETFs are not endorsed or promoted by Morningstar, and they assume no responsibility regarding investments in them.
About CIBC
CIBC is a premier North American financial institution serving 14 million clients in personal banking, business, public sector, and institutional services. With a comprehensive array of solutions provided through its advanced digital banking network and locations throughout Canada, the U.S., and beyond, CIBC continues its legacy of client-focused service.
About CIBC Asset Management
CIBC Asset Management Inc. (CAM) offers a range of investment management solutions tailored to meet the needs of retail and institutional investors. As one of Canada’s largest asset management firms, CAM provides high-quality mutual funds, managed portfolio solutions, and discretionary investment management services, handling over $227 billion in assets as of November 2024.
SOURCE: CIBC
