CIBC Asset Management Announces Termination of Final Valuations for CIBC Multifactor Canadian Equity ETF and CIBC Multifactor US Equity ETF
Toronto, July 29, 2022 /CNW/ – CIBC (TSX: CM) (NYSE: CM) – CIBC Asset Management Inc. (CAMI), manager of the CIBC exchange-traded fund, today announced the CIBC Multifactor Canadian Equity ETF (TSX: CMCE) and Multifactor Equity ETF CIBC US (TSX: CMUE) (Common Shares) Final Net Asset Value (NAV) and Net Income Units) and (TSX: CMUE.F) (Hedged Units). Collectively referred to as the “CIBC Strategic Beta ETFs”.
as announced May 16, 2022At the request of CAMI, the CIBC Strategic Beta ETF was July 26, 2022and will cease at the close of business today, July 29, 2022.
Effective immediately, the net proceeds of each CIBC Strategic Beta ETF will be distributed pro rata to unitholders of the CIBC Strategic Beta ETF, as shown in the table below.
The final NAV per unit consists of the following components:
|
CIBC ETF |
stock code |
Revenue per unit ($) |
unit capital ($) |
Final NAV per unit ($) |
|
CIBC Multi-Factor Canadian Equity ETF |
China Merchants Bureau |
$0.0000 |
$22.0187 |
$22.0187 |
|
CIBC Multifactor US Equity ETF (Common Units) |
European Commission |
$0.0000 |
$25.4201 |
$25.4201 |
|
CIBC Multifactor US Equity ETF (Hedged Units) |
CMUE.F |
$0.0000 |
$25.2747 |
$25.2747 |
About CIBC
CIBC is North America’s leading financial institution with 13 million retail, commercial, public sector and institutional banking customers. In personal and commercial banking, commercial banking, wealth management and capital markets, CIBC provides a full range of advice, solutions and services through its leading digital banking network and its branches around the world. CanadaHas an office U.S. and around the world.For the latest press releases and more information from CIBC, please visit www.cibc.com/en/about-cibc/media-centre.html
About CIBC Asset Management
CIBC Asset Management CIBC’s Asset Management Subsidiary (CAM) provides a range of high-quality investment management services and solutions to retail and institutional investors. CAM’s products include: comprehensive mutual fund platforms, strategically managed portfolio solutions, discretionary investment management services for high net worth individuals and institutional portfolio management. GAC is one of Canada’s largest asset managers, with over $150 billion in assets under management as of June 2022.
SOURCECIBC
