TORONTO, June 18, 2021 /CNW/ - CIBC (TSX: CM) (NYSE: CM) today announced a risk rating change for the CIBC Dividend Growth Fund. This change will be reflected in the renewal of CIBC Mutual Funds and CIBC Family of Portfolios Simplified Prospectus, effective on or about June 18, 2021.
The new risk rating was determined in accordance with the standardized risk classification methodology mandated by the Canadian Securities Administrators. No changes have been made to the investment objectives, investment strategies or management of the fund. CIBC reviews the risk rating for each fund at least annually, and make adjustments whenever the existing investment risk level is no longer appropriate.
Previous Risk Rating
New Risk Rating
CIBC Dividend Growth Fund
Low to Medium
CIBC is a leading North American financial institution with 10 million personal banking, business, public sector and institutional clients. Across Personal and 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.