TORONTO, Nov. 28, 2025 /CNW/ - CIBC (TSX: CM) (NYSE: CM) – CIBC Asset Management Inc.(CAMI), as manager of the CIBC 2025 Investment Grade Bond Fund and CIBC 2025 U.S. Investment Grade Bond Funds (the "Funds"), announced today the final net asset value (NAV) and net proceeds for CIBC 2025 Investment Grade Bond Fund – ETF Series (CBOE: CTBA) and CIBC 2025 U.S. Investment Grade Bond Fund - ETF Series (CBOE: CTUC.U).

As announced on August 13, 2025, CTBA and CTUC.U were delisted from CBOE at CAMI's request as of market close on November 26, 2025, and will be terminated as of the close of business today, November 28, 2025.

Effective today, the net proceeds for the ETF Series of each of the Funds will be distributed to the Fund's ETF Series unitholders on a pro-rata basis as detailed in the table below.

The termination proceeds will be paid out to CDS Clearing and Depository Services Inc. and will be received by investors based on individual brokerage processing times.

The final NAV per unit consists of the following:

About CIBC

CIBC is a leading North American financial institution with 14 million personal banking, business, public sector and institutional clients. Across Personal and Business Banking, Commercial Banking and Wealth Management, and Capital Markets, CIBC offers a full range of advice, solutions and services through its leading digital banking network, and locations across Canada, in the United States and around the world. Ongoing news releases and more information about CIBC can be found at https://www.cibc.com/en/about-cibc/media-centre.html. 

About CIBC Asset Management

CIBC Asset Management Inc. (CAM), the asset management subsidiary of CIBC, provides a range of high-quality investment management services and solutions to retail and institutional investors. CAM's offerings include: a comprehensive platform of mutual funds, strategic managed portfolio solutions, discretionary investment management services for high-net-worth individuals, and institutional portfolio management. CAM is one of Canada's largest asset management firms, with over $227 billion in assets under administration as of October 2025. 

SOURCE CIBC Asset Management Inc.