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CIBC Asset Management Inc. announces risk rating change and fund terminations
CIBC Asset Management Inc. announces risk rating change and fund terminations Canada Ne...
About this update from Canadian Imperial Bank Of Commerce
[{"type":"text","content":"CIBC Asset Management Inc. announces risk rating change and fund terminations\n\n\n\n CIBC Asset Management Inc. announces risk rating change and fund terminations\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen5{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: MIDDLE; TEXT-ALIGN: LEFT; BORDER-TOP:black 1pt; BORDER-RIGHT:black 0.5pt solid; BORDER-BOTTOM:black 0.5pt solid; BORDER-LEFT:black 1pt\n}\n.prngen3{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 0.5pt solid; BORDER-RIGHT:black 0.5pt solid; BORDER-BOTTOM:black 0.5pt solid; BORDER-LEFT:black 1pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prncbts{\nBORDER-TOP:black 0.5pt solid\n}\n.prnvab{\nVERTICAL-ALIGN: BOTTOM\n}\n.prnbrbrs{\nBORDER-RIGHT:black 0.5pt solid\n}\n.prnbbbs{\nBORDER-BOTTOM:black 0.5pt solid\n}\n.prnsbtb1{\nBORDER-TOP:black 1pt\n}\n.prnpr2{\nPADDING-RIGHT:0.17em\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE; BORDER-TOP:1pt black; BORDER-RIGHT:1pt black; BORDER-BOTTOM:1pt black; BORDER-LEFT:1pt black\n}\n.prnbsbls{\nBORDER-LEFT:black 0.5pt solid\n}\n.prnpl2{\nPADDING-LEFT:0.17em\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n TORONTO\n \n\n ,\n \n\n Aug. 13, 2025\n \n\n /CNW/ -\n \n August 13, 2025\n \n /CNW/ - CIBC (TSX: CM) (NYSE: CM) -- CIBC Asset Management Inc. (CAM) today announced a risk rating change and that it intends to terminate the CIBC Multi-Asset Global Balanced Private Pool, CIBC Multi-Asset Global Balanced Income Private Pool, and Renaissance Optimal Inflation Opportunities Portfolio (the \"Funds\") on or about\n \n November 28, 2025\n \n (the \"Termination Date\"). The decision to terminate the Funds was made due to their relatively small asset size.\n \n\n Effective immediately, no further purchases for units of the Funds will be accepted. Redemption requests for the Funds will be accepted until the close of business on Termination Date. Any units still held by unitholders as of the Termination Date will be subject to a mandatory redemption. Prior to the Termination Date, CAM will, ...