TORONTO, July 24, 2020 /CNW/ - CIBC (TSX: CM)
(NYSE: CM) – CIBC Asset Management Inc. today announced the
July 2020 cash distributions for CIBC
ETFs, which distribute monthly and quarterly.
Unitholders of record on July 31,
2020, will receive cash distributions payable on
August 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
|
$0.045
|
|
CIBC Flexible Yield
ETF (CAD-
Hedged)
|
CFLX
|
$0.057
|
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.
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 Asset Management