CIBC announced it will terminate the ETF Series of six CIBC Sustainable Investment Strategies funds on or about November 27, 2026, and separately raised the risk rating of the CIBC Dividend Income Fund from Low to Medium effective June 18, 2026. The affected ETF Series—CSCP, CSCE, CSGE, CSCB, CSBA, and CSBG—are expected to be de-listed from the Cboe at the close of business on or about November 25, 2026, with all remaining units subject to mandatory redemption on the termination date. CIBC will convert assets to cash, settle liabilities, and distribute net assets pro rata to unitholders of record based on the net asset value per unit. The risk rating change for the CIBC Dividend Income Fund was determined under the standardized methodology of the Canadian Securities Administrators, with no changes to the fund’s investment objectives, strategies, or management.
Canadian Imperial Bank Of CommerceCIBC is terminating six sustainable ETF series and raising risk rating on a dividend fund, which may affect fund flows and fees but is a routine product management action.