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CIBC to Issue Institutional NVCC Preferred Shares

Newswire.ca - Tue Mar 5, 2:48PM CST

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

TORONTO, March 5, 2024 /CNW/ - CIBC (TSX: CM) (NYSE: CM) today announced a domestic public offering of $500 million of Non-Cumulative 5-Year Fixed Rate Reset Class A Preferred Shares Series 57 (Non-Viability Contingent Capital (NVCC)) (the "Preferred Shares"). The Preferred Shares will be sold to certain institutional investors through a dealer syndicate led by CIBC Capital Markets.

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Provided Content: Content provided by Newswire.ca. The Globe and Mail was not involved, and material was not reviewed prior to publication.

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