CIBC Announces New Normal Course Issuer Bid

TORONTO, Aug. 28, 2014 /CNW/ - CIBC (TSX: CM) (NYSE: CM) today announced its 
intention to seek Toronto Stock Exchange (TSX) approval for a normal course 
issuer bid. Purchases of common shares for cancellation will be made subject 
to CIBC's ongoing capital requirements. Such purchases will not exceed eight 
million shares, or approximately 2% of its outstanding common shares over a 12 
month period. 
CIBC will file a notice of intention to make a normal course issuer bid with 
the TSX and this bid would commence following TSX acceptance of this notice 
and continue for up to one year. 
Purchases would be made through the facilities of the TSX, alternative 
Canadian trading systems or the New York Stock Exchange, in accordance with 
applicable regulatory requirements. CIBC intends to periodically establish an 
automatic program under which its broker, CIBC World Markets Inc., would 
repurchase CIBC shares pursuant to the bid within a defined set of criteria 
which CIBC would not vary or suspend.  The price paid for the common shares 
will be the market price at the time of the purchase. The common shares 
repurchased under the normal course issuer bid will be cancelled. 
Between September 9, 2013 and August 26, 2014, CIBC purchased 4.21 million of 
its common shares for cancellation at an average price of $91.06 per share 
pursuant to its current normal course issuer bid. 
A NOTE ABOUT FORWARD-LOOKING STATEMENTS: From time to time, we make written or 
oral forward-looking statements within the meaning of certain securities laws, 
including in this press release report, in other filings with Canadian 
securities regulators or the U.S. Securities and Exchange Commission and in 
other communications. These statements include, but are not limited to, 
statements about our potential normal course issuer bid purchases and about 
our financial condition, priorities, targets, ongoing objectives, strategies 
and outlook. Forward-looking statements are subject to inherent risks and 
uncertainties that may be general or specific. A variety of factors, many of 
which are beyond our control, could cause actual results to differ materially 
from the expectations expressed in any of our forward-looking statements, 
including general business and economic conditions worldwide; amendments to, 
and interpretations of, risk-based capital guidelines; and changes in monetary 
and economic policy.  We do not undertake to update any forward-looking 
statement except as required by law. 
About CIBC
CIBC is a leading Canadian-based global financial institution with nearly 11 
million personal banking and business clients. Through our three major 
business units - Retail and Business Banking, Wealth Management and Wholesale 
Banking - CIBC offers a full range of products and services through its 
comprehensive electronic banking network, branches and offices across Canada 
with offices in the United States and around the world. You can find other 
news releases and information about CIBC in our Media Centre on our corporate 
website at

SOURCE  CIBC - Investor Relations 
Erica Belling, Director, Investor & Financial Communications, (416)  594-7251 
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CO: Canadian Imperial Bank of Commerce
ST: Ontario
-0- Aug/28/2014 09:59 GMT
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