Unitholders have approved the mergers of several CIBC 5-Year Protected Mutual Funds. The mergers are scheduled to take place on April 28.

CIBC Canadian Fixed Income Index Fund will be merged into CIBC Canadian Bond Index Fund.

CIBC U.S. Index Fund will be merged into CIBC U.S. Equity Index Fund.

CIBC International Equity Index Fund will be merged into CIBC International Index RRSP Fund.

CIBC Canadian Equity Index Fund will be merged into CIBC Canadian Index Fund.

In connection with the merger of CIBC U.S. Index Fund into CIBC U.S Equity Index Fund, unitholders also approved the change of investment objective of CIBC U.S. Index Fund so that the fund will track the Wilshire 5000 Index, instead of the S&P 500 Total Return Index.

The change of investment objective of CIBC U.S. Index Fund will occur approximately five business days prior to the merger of the fund.