CIBC Announces Canadian Depositary Receipts Splits

TORONTO, Nov. 6, 2025 /CNW/ - CIBC today announced splits (the "CDR Splits") of four series of its Canadian Depositary Receipts (the "affected CDRs"), as indicated in the table below.

The CDR Splits will take effect by way of a subdivision of all of the affected CDRs that are outstanding after the close of trading on November 13, 2025, with each outstanding affected CDR automatically being split into the number of post-split affected CDRs as indicated in the table above.

The affected CDRs will begin trading on a split-adjusted basis on November 14, 2025.

CIBC confirms that, in each case, the product of the CDR Ratio for a series of affected CDRs and the number of affected CDRs of such series outstanding will be unchanged by the CDR Splits of such series. Accordingly, the CDR Splits are not expected to have any economic impact on the value of investors' affected CDR positions.

CIBC has obtained an opinion from Torys LLP that the CDR Splits would not have any material adverse consequences under Canadian federal income tax laws to holders of affected CDRs resident in Canada.

CIBC reserves the right to cancel or amend these CDR actions if CIBC deems it appropriate to do so before November 12, 2025.

The Prospectus Supplement in respect of each series of affected CDRs has been filed on SEDAR+ at www.sedarplus.ca. For more information about CDRs, please visit https://cdr.cibc.com.

CDR Holder Information

Holders of CDRs do not need to take any action in connection with a CDR split. CDR holders' brokerage accounts are expected to be automatically updated to reflect the CDR split. A CDR holder's broker may take a number of days to reflect the additional CDRs in their account. However, the CDR holder is expected to be able to trade the affected CDRs during this time. If a CDR holder wishes to do so, CIBC recommends they contact their broker to trade the post-split CDRs.

About CIBC  

CIBC is a leading North American financial institution with 14 million personal banking, business, public sector and institutional clients. Across Personal and Business Banking, Commercial Banking and Wealth Management, and Capital Markets, CIBC offers a full range of advice, solutions and services through its leading digital banking network, and locations across Canada, in the United States and around the world. Ongoing news releases and more information about CIBC can be found at www.cibc.com/ca/media-centre.

SOURCE CIBC