TORONTO - The Canadian Imperial Bank of Commerce's (CIBC) asset management division announced that it will distribute November cash payments to investors in a range of its exchange-traded funds (ETFs) and Fixed Income Pools on December 5, with the record date set for November 30. This move affects funds such as the CIBC Canadian Bond Index ETF and the CIBC Global Bond ex-Canada Index ETF (CAD-Hedged), which are based on Morningstar licensed indices.
CIBC Asset Management Inc., which manages over $170 billion in assets as of October 2023, has detailed the upcoming per-unit distributions for several ETFs listed on the TSX and NEO exchanges. The distribution amounts vary, ranging from $0.01 to $0.091 per unit. The firm is recognized for its extensive investment services catering to retail and institutional clients, including mutual funds, strategic managed portfolio solutions, and discretionary investment management services designed for high-net-worth individuals. These offerings are supported by CIBC's robust digital banking network that serves various sectors such as Personal and Business Banking, Commercial Banking, and Wealth Management.
The announcement underscores CIBC's commitment to providing value to its unitholders and highlights its position as a key player in North America's financial landscape with a wide array of banking services across Canada.
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