Canadian Imperial Bank Of Commerce (TSE:CM) has released an update.
CIBC has announced plans to redeem all of its outstanding Non-cumulative Rate Reset Class A Preferred Shares Series 49 for $25.00 per share on April 30, 2024. This follows the final quarterly dividend payment of $0.325000 per share, set for April 29, 2024, to shareholders on record as of March 28, 2024. Shareholders are advised to consult their financial intermediaries to process the redemption proceeds.
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