TORONTO, April 23, 2020 /CNW/ - CIBC (TSX: CM)
(NYSE: CM) – CIBC Asset Management Inc. today announced the
April 2020 cash distributions for
CIBC ETFs, which distribute monthly and quarterly.
Unitholders of record on April 30,
2020, will receive cash distributions payable on
May 5, 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 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 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 March 2020.
SOURCE CIBC Asset Management