TORONTO, Oct. 24, 2019 /CNW/ - CIBC (TSX: CM) (NYSE: CM) – CIBC Asset Management Inc. today announced the October 2019 cash distributions for CIBC ETFs, which distribute monthly and quarterly.
Unitholders of record on October 31, 2019, will receive cash distributions payable on November 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 |
CAFR |
$0.031 |
|
CIBC Active Investment Grade |
CACB |
$0.047 |
|
CIBC ETFs are managed by CIBC Asset Management Inc., a subsidiary of Canadian Imperial |
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 $140 billion in assets under administration as of September 2019.
SOURCE CIBC Asset Management
