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Canadian Imperial Bank Of Commerce (Toronto, Ontario) | Non-cumulative Class A Preferred Shares Series 26 (CM.PRD.CA)
Prospectus excerpt: The non-cumulative Class A Preferred Shares Series 26 (the ‘‘Series 26 Shares’’) of Canadian Imperial Bank of Commerce (‘‘CIBC’’) will be entitled to non-cumulative preferential cash dividends, payable quarterly, as and when declared by the board of directors of CIBC. Quarterly dividends shall be payable at a rate of $0.359375 per share. The initial dividend, payable April 28, 2003, will be $0.367188 per Series 26 Share, based on the anticipated closing date of January 29, 2003. See ‘‘Details of the Offering’’. Subject to the provisions of the Bank Act (Canada) (the ‘‘Bank Act’’), including the requirement of the prior consent of the Superintendent of Financial Institutions (the ‘‘Superintendent’’), on and after April 30, 2008, CIBC may redeem the Series 26 Shares in whole or in part by the payment in cash of a sum equal to the issue price per share plus, if redeemed before April 30, 2012, a premium, together with declared and unpaid dividends to the date fixed for redemption. Full Prospectus PDF », CM.CA Page »
| Series: | 26 | | Alternate symbology: | CM-D.CA, CM-PD.CA, CMprD.CA | | Redeemable?: | Yes | | Call Date: | 4/30/2012 (Now Trading Post Call Date) | | Perpetual?: | Yes | | Cumulative?: | No | | Conversion Ratio: | The Series 26 Shares will not be convertible at the option of CIBC prior to April 30, 2008. On or after this date, CIBC may, subject to the approval, if required, of the stock exchanges upon which any shares of CIBC are listed, convert all, or from time to time any part, of the outstanding Series 26 Shares to be converted into that number of freely-tradeable Common Shares determined (per Series 26 Share) by dividing the then applicable redemption price per Series 26 Share, together with declared and unpaid dividends to the date fixed for conversion, by the greater of $2.00 and 95% of the weighted average trading price of the Common Shares on theTSX for the 20 trading days ending on: (i) the fourth day prior to the date specified for conversion, or (ii) if such fourth day is not a trading day, the last trading day prior to such fourth day. Fractional Common Shares will not be issued on any conversion of Series 26 Shares but in lieu thereof CIBC will make cash payments. | | Shares Offered: | 10000000 | | Liquidation Preference: | $25 | | Original Coupon: | 5.75% | | Pay Period: | Quarterly | | Pay Dates: | 31-Jan, 30-Apr, 31-Jul, 31-Oct | | CDx3 Compliance Rating: |
Learn CM.PRD.CA's Rating
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Canadian Imperial Bank of Commerce is a financial institution. Co.'s business units are: Canadian Personal and Business Banking, which provides financial advice, services and solutions; Canadian Commercial Banking and Wealth Management, which provides banking and wealth management services, as well as asset management services; United States Commercial Banking and Wealth Management, which provides commercial banking and private wealth services, as well as personal and small business banking services; and Capital Markets, which provides global markets products and services, investment banking advisory and execution, corporate banking solutions and research. Preferreds: CM.PRD.CA, CM.PRE.CA, CM.PRG.CA, CM.PRK.CA, CM.PRL.CA, CM.PRM.CA
Open the CM.CA Information Page »
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| Name: |
Canadian Imperial Bank Of Commerce (Toronto, Ontario) |
| Website: |
www.cibc.com |
| Sector: |
Banking & Savings |
| Number of ETFs Holding CM.CA: |
2 (see which ones) |
| Total Market Value Held by ETFs: |
$51,916,092 |
| Total Market Capitalization: |
$37,776,000,000 |
| % of Market Cap. Held by ETFs: |
0.14% |
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