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CIBC to Redeem Preferred Shares Series 41
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CIBC to Redeem Preferred Shares Series 41

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Canadian Bank of Commerce (TSE:CM) has released an update.

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CIBC has announced its plan to redeem all issued and outstanding Non-cumulative Rate Reset Class A Preferred Shares Series 41 for $25.00 per share on January 31, 2025. Shareholders will receive their final dividend payment on January 28, 2025, and are advised to contact their financial institution for redemption details.

For further insights into TSE:CM stock, check out TipRanks’ Stock Analysis page.

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