TORONTO, Dec. 8, 2014 /CNW/ - CIBC (TSX: CM) (NYSE: CM) today announced its intention to redeem all of its
issued and outstanding Non-cumulative Class A Preferred Shares Series
27 (TSX: CM.PR.E), for cash. The redemption will occur on January 31,
2015. The redemption price is $25.00 per Series 27 share.
The $0.350000 quarterly dividend announced on December 4, 2014 will be
the final dividend on the Series 27 shares and will be paid on January
28, 2015, covering the period to January 31, 2015, to shareholders of
record on December 29, 2014.
Holders of the Series 27 shares should contact the financial
institution, broker or other intermediary through which they hold the
shares to confirm how they will receive their redemption proceeds.
About CIBC
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.
SOURCE CIBC - Investor Relations
Investor Relations:
Alice Dunning
416-861-8870
alice.dunning@cibc.com
Jason Patchett
416-980-8691
jason.patchett@cibc.com
Investor & Financial Communications
Erica Belling
416-594-7251
erica.belling@cibc.com
Copyright CNW Group 2014