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ClareGold Trust® announces issuance of Commercial Mortgage Pass-Through Certificates

    TORONTO, July 26 /CNW/ - ClareGold Trust® announced today the
completion of an offering of $475,378,737 (Approximate) Initial Certificate
Balance Commercial Mortgage Pass-Through Certificates, Series 2007-2,
$30,305,737 of which were offered on an exempt basis.
    ClareGold Trust® is a special purpose issuer that issues asset-backed
securities in the private and public capital markets.

    CIBC is a leading North American financial institution with more than 11
million personal banking and business customers. CIBC offers a full range of
products and services through its comprehensive electronic banking network,
branches and offices across Canada, in the United States and around the world.

For further information:
For further information: Rob McLeod, CIBC Communications and Public
Affairs, (416) 980-3714