Ms. Stephanie Marcus reports

CIBC ASSET MANAGEMENT ANNOUNCES ESTIMATED 2025 ANNUAL REINVESTED CAPITAL GAINS DISTRIBUTIONS FOR CIBC ETFS AND ETF SERIES

CIBC Asset Management Inc. today estimated the 2025 annual reinvested capital gains distributions for the CIBC ETFs (exchange-traded funds) and ETF series. Please note that these are estimated capital gains amounts only, as of Oct. 31, 2025. As these are estimated amounts, the final capital gains distributions are subject to change prior to the final distribution.

These estimates are for the year-end capital gains distributions only, which are typically reinvested in additional units of the respective CIBC ETF or ETF series at the year-end, and do not include cash distributions for December, 2025.

CIBC Asset Management expects to announce the final year-end capital gains distribution amounts, as well as the cash distribution amounts, as applicable, for 2025, on Dec. 23, 2025. Unitholders of record as of Dec. 31, 2025, will receive the 2025 annual reinvested distributions. The actual taxable amounts of cash and reinvested distributions for 2025, including the tax characteristics of the distributions, will be reported in early 2026.

Details of the per-unit estimated annual reinvested capital gains distribution amounts are provided in the attached table.

Distribution estimates are only approximations and are not guaranteed. Distribution estimates do not actually denote the yield unitholders may receive. The year-end capital gains distribution estimates are provided by CIBC Asset Management and are for information purpose only. They do not reflect final attributions for tax purposes. All values are rounded to four decimal places and expressed in Canadian dollars, unless otherwise indicated, and totals may not sum due to rounding.

CIBC ETFs and ETF series of the fixed income pools are managed by CIBC Asset Management, a subsidiary of Canadian Imperial Bank of Commerce, and are offered by registered dealers. The ETF series of the CIBC Sustainable Investment Solutions are managed by CIBC and distributed by CIBC Securities Inc. and CIBC Investor Services Inc., each wholly owned subsidiaries. Commissions, management fees and expenses all may be associated with investments in ETFs. Please read the prospectus or ETF facts document before investing. To obtain a copy, call 1-888-888-3863, ask your adviser or visit CIBC's ETFs website. ETFs are not guaranteed, their values change frequently and past performance may not be repeated.

The FTSE Canada Short Term Bond Index and FTSE Canada Universe Bond Index are not in any way connected to or sponsored, endorsed, sold or promoted by the London Stock Exchange Group PLC and its group undertaking. The LSE Group does not accept any liability whatsoever to any person arising out of the use of FTSE Canada Short Term Bond Index and FTSE Canada Universe Bond Index or the underlying data.

The MSCI indices are the exclusive property of MSCI Inc. MSCI and the MSCI index names are service marks of MSCI or its affiliates, and have been licensed for use for certain purposes by CIBC Asset Management. The financial products referred to herein are not sponsored, endorsed or promoted by MSCI, and MSCI bears no liability with respect to any such financial products or any index on which such financial products are based. The simplified prospectus contains a more detailed description of the limited relationship MSCI has with CIBC Asset Management and any relevant financial products. No purchaser, seller or holder of this product, or any other person or entity, should use or refer to any MSCI trade name, trademark or service mark to sponsor, endorse, market or promote this product without first contacting MSCI to determine whether MSCI's permission is required. Under no circumstances may any person or entity claim any affiliation with MSCI without the prior written permission of MSCI.

About Canadian Imperial Bank of Commerce

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.

About CIBC Asset Management Inc.

CIBC Asset Management (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.