TORONTO, March 21, 2024 /CNW/ - CIBC (TSX:CM.TO) (NYSE:CM) today announced its intention to redeem all of its issued and outstanding Non-cumulative Rate Reset Class A Preferred Shares Series 49 (Non-viability contingent capital (NVCC)) (Series 49 shares) (TSX:CM-PR-T.TO), for cash. The redemption will occur on April 30, 2024. The redemption price is $25.00 per Series 49 share.
Read more at newswire.caCIBC to redeem Non-cumulative Rate Reset Class A Preferred Shares Series 49 (NVCC)
Newswire.ca - Press Release
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