Canadian Bank of Commerce (TSE:CM) has released an update.
CIBC has announced a 4-for-1 split of its Nvidia Canadian Depositary Receipts (CAD Hedged), set to take effect after trading closes on July 9, 2024, with the split-adjusted trading commencing on July 10, 2024. This action, confirmed to have no negative tax consequences for Canadian residents or economic impact on the value of existing investments, requires no action from CDR holders as brokerage accounts will update automatically.
For further insights into TSE:CM stock, check out TipRanks’ Stock Analysis page.
