CIBC (CM) announced its intention to purchase for cancellation up to 20 million common shares under a normal course issuer bid, subject to the approval of the Toronto Stock Exchange . Common shares that may be purchased for cancellation represent approximately 2.2% of outstanding common shares as at July 31, 2025. CIBC will file a notice of intention to make a normal course issuer bid with the TSX and this bid would commence following TSX’s acceptance of this notice and continue for up to one year. The normal course issuer bid will provide CIBC additional flexibility in managing its capital position and generate shareholder value.
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