TORONTO, June 2, 2014 /CNW/ - CIBC (TSX: CM) (NYSE: CM) today announced its intention to redeem all of its
issued and outstanding Non-cumulative Rate Reset Class A Preferred
Shares Series 33 (TSX: CM.PR.K), and Non-cumulative Rate Reset Class A
Preferred Shares Series 37 (TSX: CM.PR.M), for cash. The redemptions
will occur on July 31, 2014. The redemption price is $25.00 per Series
33 or Series 37 share.
The quarterly dividends of $0.334375 per Series 33 share and $0.406250
per Series 37 share, announced on May 29, 2014 will be the final
dividends for these two series. These dividends will be paid on July
28, 2014 to shareholders of record on June 27, 2014.
Holders of the Series 33 and Series 37 shares should contact the
financial institution, broker or other intermediary through which they
hold the shares to confirm how they will receive their redemption
CIBC is a leading Canadian-based global financial institution with
nearly 11 million personal banking and business clients. Through our
three major business units - Retail and Business Banking, Wealth
Management and Wholesale Banking - CIBC offers a full range of products
and services through its comprehensive electronic banking network,
branches and offices across Canada with offices in the United States
and around the world. You can find other news releases and information
about CIBC in our Media Centre on our corporate website at www.cibc.com.
For further information:
Investor & Financial Communications