Exchange Bulletin
CIBC U.S. High Dividend Covered Call ETF (CUDC, CUDC.F) To Trade On Toronto Stock Exchange
August 22, 2025
Issuer: CIBC U.S. High Dividend Covered Call ETF (the "ETF")
| Security | Symbol | Issued and Outstanding Securities | Reserved Securities | Issue Price |
|---|---|---|---|---|
| Common Units | CUDC | 375,000 | None | $20.00 |
| Hedged Units | CUDC.F | 75,000 | None | $20.00 |
| Listing category: | Non-Corporate |
| Trading currency of Common Units and Hedged Units: | CDN$ |
| Transaction: | Initial public offering of Common Units and Hedged Units (together, the "Units") (the "Offering") |
| Listing date: | August 22, 2025 (as at 5:01 pm) in anticipation of closing of the Offering |
| Anticipated closing date: | August 25, 2025 (prior to the opening) |
| Posted for trading date: | August 25, 2025 (at the opening) subject to confirmation of closing of the Offering |
| Other market(s): | None |
| Designated market maker: | CIBC World Markets Inc. |
| Investor relations: | David Stephenson Director, ETF Strategy Development (416) 304-3348 david.stephenson@cibc.com |
| Incorporation: | The ETF is an exchange-traded mutual fund established under the laws of the province of Ontario, pursuant to the terms of the declaration of trust dated as of January 14, 2019, as amended by the seventh amendment dated August 15, 2025. |
| Manager: | CIBC Asset Management Inc. |
| Fiscal year end: | December 31 |
| Nature of business: | The ETF seeks to provide regular income and potential for some long-term capital appreciation by investing primarily in a diversified portfolio of income producing high-quality U.S. equity securities, while mitigating some downside risk through the use of covered call options. |
| Transfer agent and registrar: | TSX Trust Company at its principal office in Toronto. |
| Distributions: | Cash distributions will be made monthly, if any. |
| Sponsorship: | Not applicable |
| Offering document: | Prospectus dated August 15, 2025 which is available at www.sedarplus.ca. Capitalized terms not otherwise defined herein are as defined in the Offering document. |
| Initial public offering: | 375,000 Common Units will be issued at a subscription price of $20.00 per Common Unit and 75,000 Hedged Units will be issued at a subscription price of $20.00 per Hedged Unit. The Units of the ETF are being issued and sold on a continuous basis and there is no maximum number of Units that may be issued. |
| TSX contact: | Selma Thaver, Managing Director, TSX Listings |