Canadian Bank of Commerce (TSE:CM) has released an update.
The Canadian Bank of Commerce (CIBC) has announced that it will redeem all outstanding Non-cumulative Rate Reset Class A Preferred Shares Series 39 for $25.00 per share on July 31, 2024. Shareholders will receive the final quarterly dividend on July 29, 2024, just before the redemption date. CIBC advises shareholders to consult their financial intermediaries regarding the redemption process.
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