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Preferred Shares

Preferred Share Information

The information in this section is a summary only and is qualified in its entirety by and should be read in conjunction with the more detailed information appearing in each Series' prospectus. The dividend history table below provides a link to each Series' prospectus.

Eligible Dividends
CIBC designates any and all dividends paid or deemed for Canadian federal, provincial or territorial income tax purposes to be paid on or after January 1, 2006 to be "eligible dividends," unless indicated otherwise in respect of dividends paid subsequent to this notification, and hereby notifies all recipients of such dividends of this designation.

2025 Schedule of Record and Payment dates

The future dates in the table below are subject to approval by CIBC's Board of Directors.

	Record Dates	Payment Dates
Class A Series 43, 47 (NVCC)	December 27, 2024	January 28, 2025
	March 28, 2025	April 28, 2025
	June 27, 2025	July 28, 2025
	September 29, 2025	October 28, 2025
Class A Series 56 (NVCC)	March 28, 2025	April 28, 2025
Class A Series 56 (NVCC)	September 29, 2025	October 28, 2025
Class A Series 57 (NVCC)	March 28, 2025	April 11, 2025
Class A Series 57 (NVCC)	September 29, 2025	October 14, 2025

Dividend history

Series^{1 Read terms and conditions.}	Ticker Symbol^{2 Read terms and conditions.}	CUSIP Number	Quarterly Dividend	Dividend Rate	Next Redemption Date^{3 Read terms and conditions., 4 Read terms and conditions.}
43 (PDF, 265 KB) Opens a new window.	CM.PR.Q	136069390	$0.196438⁵	3.143%⁵	July 31, 2025 Opens a new window.
47 (PDF, 475 KB) Opens a new window.	CM.PR.S	136070877	$0.367375⁶	5.878%⁶	January 31, 2028 Opens a new window.
56 (PDF, 905 KB) Opens a new window.	n/a	13607H8Z8	$36.825⁷	7.365%	September 28, 2027
57 (PDF, 600 KB) Opens a new window.	n/a	13607L2Q5	$36.6858⁷	7.337%	March 12, 2029

Shareholder Investment Plan

CIBC has designated each series of currently authorized preferred shares as eligible to participate in the Shareholder Investment Plan.

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Share Information

¹ Series 43, Series 47, Series 56 and Series 57 shares are subject to an NVCC provision, necessary for the shares to qualify as regulatory capital under Basel III. As such, the shares are automatically converted into common shares upon the occurrence of a “Trigger Event.” As described in the Capital Adequacy Guidelines, a Trigger Event occurs when OSFI determines the bank is or is about to become non-viable and, if after conversion of all contingent instruments and consideration of any other relevant factors or circumstances, it’s reasonably likely that its viability will be restored or maintained; or if the bank has accepted or agreed to accept a capital injection or equivalent support from a federal or provincial government, without which OSFI would have determined the bank to be non-viable. Each such share is convertible into a number of common shares, determined by dividing the par value of $25.00 for Series 43, Series 47 and $1000.00 for Series 56 and Series 57 plus declared and unpaid dividends by the average common share price (as defined in the relevant prospectus supplement) subject to a minimum price of $2.50 per share (subject to adjustment in certain events as defined in the relevant prospectus supplement). The minimum conversion price per common share for CIBC's outstanding NVCC instruments, including NVCC preferred shares, NVCC subordinated debentures and NVCC limited recourse capital notes have been adjusted from $5.00 to $2.50 to account for the Share Split in accordance with the terms and conditions of the NVCC Instruments. We’ve recorded the Series 43, Series 47, Series 56 and Series 57 shares as equity.

² All preferred shares, except Series 56 and Series 57, are listed on the Toronto Stock Exchange.

³ Subject to regulatory approval and certain provisions of the shares, CIBC may redeem all or any part of the then outstanding Non-cumulative Rate Reset Class A preferred shares at par on the earliest redemption date listed above and every five years thereafter.

⁴Notice of any redemption will be given by CIBC at least 30 days, and not more than 60 days, prior to the date fixed for redemption. Refer to the relevant prospectus for details.

⁵ The dividend rate of Series 43 was reset in accordance with the share terms effective July 31, 2020. Prior to this, it was 3.60%.

⁶ The dividend rate of Series 47 was reset in accordance with the share terms effective January 31, 2023. Prior to this, it was 4.500%.

⁷ The dividends for Series 56 and Series 57 are paid semi-annually.