Bullboard - Stock Discussion Forum Canadian Imperial Bank of Commerce T.CM

Alternate Symbol(s): CM | T.CM.PR.Q | T.CM.PR.P | T.CM.PR.S

Canadian Imperial Bank of Commerce is a Canada-based financial institution. The Company has over 14 million personal banking, business, public sector and institutional clients in Canada, the United States and around the world. The Company has four strategic business units (SBUs): Canadian Personal and Business Banking, Canadian Commercial Banking and Wealth Management, U.S. Commercial Banking... see more

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Canadian Imperial Bank of Commerce > New Press Release - CIBC to Issue NVCC Subordinated Debentures

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Post by PressRelease on Jan 08, 2024 4:21pm

New Press Release - CIBC to Issue NVCC Subordinated Debentures

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/TORONTO, Jan. 8, 2024 /CNW/ - CIBC (TSX: CM) (NYSE: CM) today announced a domestic public offering of $1.25 billion 5.30% Debentures due January 16, 2034 (Non-Viability Contingent Capital (NVCC...read article.

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Comment by radcat on Jan 09, 2024 1:20pm

I would prefer to own the common shares and collect 5.62% (currently) along with capital appreciation and future dividend increases instead of only 5.30% on a debenture. Wonder how many dividend increases and capital appreciation an investor would get between now and Jan 1st, 2034? Likely more than 5.30%. Now if I were approaching 71 years old, I'd consider this for my RRIF account when it is ...more

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Canadian Imperial Bank of Commerce