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CIBC Global Asset Management announces the capping of certain Series of the CIBC 2026 Investment Grade Bond Fund and the CIBC 2026 U.S. Investment Grade Bond Fund
CIBC (TSX: CM) (NYSE: CM) – CIBC Global Asset Management (CIBC GAM), today announced it will be capping Series A, Series F, Series O and Series S (the "Capped Series") of CIBC 2026 Investment Grade Bond Fund and CIBC 2026 U.S. Investment Grade Bond Fund (the "Funds") to all purchases on April 29, 2026.
About this update from Canadian Imperial Bank Of Commerce
[{"type":"text","content":"TORONTO, April 15, 2026 /CNW/ - CIBC (TSX: CM) (NYSE: CM) – CIBC Global Asset Management (CIBC GAM), today announced it will be capping Series A, Series F, Series O and Series S (the "Capped Series") of CIBC 2026 Investment Grade Bond Fund and CIBC 2026 U.S. Investment Grade Bond Fund (the "Funds") to all purchases on April 29, 2026.","length":360,"tagName":"p"},{"type":"image","alt":"CIBC logo (CNW Group/CIBC)","displaySize":"","headline":null,"caption":"CIBC logo (CNW Group/CIBC)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":103,"url":"https://media.zenfs.com/en/cnwgroup.com/2926de91f566694de9ebfb3cf906a9c5"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/nnDwUVPOzJ3ejpIb11ygiQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTE4Mg--/https://media.zenfs.com/en/cnwgroup.com/2926de91f566694de9ebfb3cf906a9c5","width":400,"height":103}},"href":"https://mma.prnewswire.com/media/2956066/CIBC_CIBC_Global_Asset_Management_announces_the_capping_of_certa.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Effective on April 29, 2026, the Capped Series of the Funds will be closed to all purchases from existing and new unitholders, including through pre-authorized chequing plans.","length":180,"tagName":"p"},{"type":"text","content":"Since their initial launch in 2024, the Funds have experienced significant growth in size and recently surpassed $3.2 billion CAD in combined assets under management.","length":166,"tagName":"p"},{"type":"text","content":"Unitholders of the Capped Series will continue to have the right to redeem or switch their investments in the Funds.","length":116,"tagName":"p"},{"type":"text","content":"The ETF Series of the Funds will not be capped, and investors will continue to be able to buy or sell the ETF Series units of the Funds on Cboe Canada through registered brokers and dealers.","length":190,"tagName":"p"},{"type":"text","content":"CIBC GAM encourages all investors to consult with their advisors to discuss the implications of the capping for their personal circumstances and investment needs.","length":162,"tagName":"p"},{"type":"text","content":"This material is provided for general informational purposes only and does not constitute financial, investment, tax, legal or accounting advice nor does it constitute an offer or solicitati...