/C O R R E C T I O N from Source -- CIBC/

In the news release, CIBC Asset Management announces CIBC ETF cash distributions for October 2022, issued 24-Oct-2022 by CIBC over CNW, we are advised by the company that the Cash Distribution Per Unit ($) for CIBC Active Investment Grade Floating Rate Bond RTF should read $0.043 instead of $0.43. The complete, corrected release follows:

CIBC Asset Management announces CIBC ETF cash distributions for October 2022

TORONTO, Oct. 24, 2022 /CNW/ - CIBC (TSX: CM) (NYSE: CM) – CIBC Asset Management Inc. today announced the October 2022 cash distributions for CIBC ETFs and ETF Series of the CIBC Fixed Income Pools, which distribute monthly.

Unitholders of record on October 31, 2022, will receive cash distributions payable on November 3, 2022. Details of the final "per unit" distribution amounts are as follows:

CIBC ETF	Ticker Symbols	Exchange	Cash Distribution Per Unit ($)
CIBC Active Investment Grade Corporate Bond ETF	CACB	TSX	$0.046
CIBC Active Investment Grade Floating Rate Bond ETF	CAFR	TSX	$0.043
CIBC Flexible Yield ETF (CAD-Hedged)	CFLX	TSX	$0.054
CIBC Conservative Fixed Income Pool ETF	CCNS	TSX	$0.034
CIBC Core Fixed Income Pool ETF	CCRE	TSX	$0.039
CIBC Core Plus Fixed Income Pool	CPLS	TSX	$0.04
CIBC Canadian Bond Index ETF	CCBI	TSX	$0.038
CIBC Global Bond ex-Canada Index ETF (CAD-Hedged)	CGBI	TSX	$0.023
CIBC Sustainable Canadian Core Plus Bond Fund	CSCP	NEO	$0.036
CIBC Qx Canadian Low Volatility Dividend ETF	CQLC	NEO	$0.044
CIBC Qx U.S. Low Volatility Dividend ETF	CQLU	NEO	$0.029
CIBC Qx International Low Volatility Dividend ETF	CQLI	NEO	$0.051

CIBC ETFs are managed by CIBC Asset Management Inc., a subsidiary of Canadian Imperial Bank of Commerce. Commissions, management fees and expenses all may be associated with investments in exchange traded funds (ETFs). Please read the CIBC ETFs prospectus or ETF Facts document before investing. To obtain a copy, call 1-888-888-3863, ask your advisor or visit www.cibc.com/etfs. ETFs are not guaranteed, their values change frequently and past performance may not be repeated. CIBC ETFs are offered by registered dealers.

Morningstar® Canada Core Bond Index™ and Morningstar® Global ex-Canada Core Bond Hedged CAD Index™, are trademarks or service marks of Morningstar, Inc., and have been licensed for use for certain purposes by CIBC Asset Management. CIBC Canadian Bond Index ETF and CIBC Global Bond ex-Canada Index ETF (CAD Hedged), are not sponsored, endorsed, sold or promoted by Morningstar, and Morningstar makes no representation regarding the advisability of investing in the CIBC Canadian Bond Index ETF and CIBC Global Bond ex-Canada Index ETF (CAD-Hedged).

About CIBC

CIBC is a leading North American financial institution with 13 million personal banking, business, public sector and institutional clients. Across Personal and Business Banking, Commercial Banking and Wealth Management, and Capital Markets businesses, 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 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 $170 billion in assets under administration as of September 2022.

SOURCE CIBC

Kira Smylie, 416-980-2949 or [email protected]