PR Newswire | Mar 24, 2021 07:30AM EDT

03/24 06:30 CDT

CIBC Asset Management announces CIBC ETF cash distributions for March 2021 TORONTO, March 24, 2021

TORONTO, March 24, 2021 /CNW/ - CIBC(TSX: CM) (NYSE: CM) - CIBC Asset Management Inc. today announced the March 2021 cash distributions for CIBC ETFs, which distribute monthly and quarterly.

Unitholders of record on March 31, 2021, will receive cash distributions payable on April 6, 2021. Details of the final "per unit" distribution amounts are as follows:

Cash Distribution Per Unit CIBC ETF TSX Ticker ($) Symbols

CIBC Active Investment Grade CACB $0.046 Corporate Bond ETF

CIBC Active Investment Grade CAFR $0.02 Floating Rate Bond ETF

CIBC Flexible Yield ETF (CAD- CFLX $0.055 Hedged)

CIBC Conservative Fixed Income CCNS $0.053 Pool - ETF series

CIBC Core Fixed Income Pool - CCRE $0.056 ETF series

CIBC Core Plus Fixed Income Pool CPLS $0.059 - ETF series

CIBC Multifactor Canadian Equity CMCE $0.065 ETF

CIBC Multifactor U.S. Equity CMUE $0.042 ETF

CIBC Multifactor U.S. Equity ETF CMUE.F $0.041 (CAD-Hedged)

ETF Series of the CIBC Fixed Income Pools and 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 ETF Series of the CIBC Fixed Income Pools or CIBC (ETFs). Please read the CIBC Fixed Income Pools prospectus, 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 . Exchange traded funds (ETFs) and ETF Series are not guaranteed, their values change frequently and past performance may not be repeated. ETF Series of the CIBC Fixed Income Pools and CIBC ETFs are offered by registered dealers.

Certain trademarks of Canadian Imperial Bank of Commerce and/or certain of its affiliates (collectively "CIBC") have been licensed by CIBC Asset Management Inc. for use in connection with the CIBC Multifactor Canadian Equity ETF and CIBC Multifactor U.S. Equity ETF (the "CIBC Strategic Beta Equity ETFs"). The securities of the CIBC Equity ETFs are not sponsored, promoted, sold or supported in any other manner by CIBC or by the index calculation agent, Solactive A.G. ("Solactive") nor do CIBC or Solactive offer any express or implicit guarantee or assurance either with regard to the results of using the Indices on which the CIBC Strategic Beta Equity ETFs are based, or the index prices at any time or in any other respect. The prospectus of the CIBC ETFs contains a more detailed description of the limited relationship CIBC and Solactive have with CIBC Asset Management Inc. and the CIBC Strategic Beta Equity ETFs.

About CIBC

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 with offices in the United States and around the world. Ongoing news releases and more information about CIBC can be found at www.cibc.com/en/about-cibc/media-centre.html.

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 $153 billion in assets under administration as of February 2021.

SOURCE CIBC