CIBC Asset Management announces certain CIBC ETF cash distributions for May 2019
Canada NewsWire
TORONTO, May 24, 2019
TORONTO, May 24, 2019 /CNW/ - CIBC (TSX: CM; NYSE: CM) – CIBC Asset Management Inc. today announced the May 2019 cash distributions for CIBC Active Investment Grade Floating Rate Bond ETF and CIBC Active Investment Grade Corporate Bond ETF, which pay monthly distributions.
Unitholders of record on May 31, 2019, will receive cash distributions payable on June 5, 2019. 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
| $0.047
|
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 $130 billion in assets under administration as of February 2019.
SOURCE CIBC
View original content: http://www.newswire.ca/en/releases/archive/May2019/24/c5747.html
Susan Kirwin, Public Relations, 416-980-5192 or susan.kirwin@cibc.comCopyright CNW Group 2019