Redemption | CANADIAN IMPERIAL BANK OF COMMERCE NON-CUM CONV RED PFD REGISTERED SHS A SERIES 51 REG S | 1st August 2024
On June 20, 2024CANADIAN IMPERIAL BANK OF COMMERCE NON-CUM CONV RED PFD REGISTERED SHS A SERIES 51 REG S announced its intention to redeem all of its issued and outstanding Non-cumulative Rate Reset Class A Preferred Shares Series 51.The redemption will occur on July 31, 2024. The redemption price is CAD 25.00 per share.
The treatment below will be applied to the following indices:
- CANADIAN IMPERIAL BANK OF COMMERCE NON-CUM CONV RED PFD REGISTERED SHS A SERIES 51 REG S will be removed from the Index.
- The weight of CANADIAN IMPERIAL BANK OF COMMERCE NON-CUM CONV RED PFD REGISTERED SHS A SERIES 51 REG S (CM_py.TO) based on its last close price will be distributed pro rata to remaining Index constituents.
- Effective Date (open): 01/08/2024
Solactive Laddered Canadian Preferred Share Index
Solactive Laddered Canadian Preferred Share Index PR
Solactive Canadian Rate Reset Preferred Share Index (TR)