04:09:10 EST Tue 07 Dec 2021
Enter Symbol
or Name

Login ID:

CIBC Emerging Markets Equity to trade on TSX

2021-09-14 20:42 ET - New Listing

The Toronto Stock Exchange reports that CIBC Emerging Markets Equity Index ETF will be listed at 5:01 p.m. on Sept. 15, 2021, for trading at the open on Sept. 16, 2021. According to the TSX, there will be 600,000 common units of the exchange-traded fund (ETF) issued and outstanding, with no securities reserved for issuance. The units will trade under the symbol CEMI, in Canadian dollars and under Cusip No. 17165A 20 1.

The TSX reports that the ETF seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of a broad emerging market equity index that measures the investment return of publicly traded securities in emerging countries in Asia, Latin America, Europe, Africa and the Middle East. Currently, the ETF seeks to track the Morningstar Emerging Markets Target Market Exposure Index (or any successor thereto).

According to the TSX, the ETF will pay cash distributions on its units, if any, on an annual basis. The ETF's manager is CIBC Asset Management Inc., its transfer agent and registrar is TSX Trust Company at its principal office in Toronto, and its fiscal year-end is Dec. 31. As stated in its prospectus dated March 24, 2021, the ETF will issue 600,000 units at $20 per unit in its initial public offering. It expects to close the offering before the open on Sept. 16, 2021.

© 2021 Canjex Publishing Ltd. All rights reserved.