CIBC to redeem subordinated indebtedness

TORONTO, July 26 /CNW/ - CIBC (CM: TSX; NYSE) today announced its intention to redeem all $1,300,000,000 of its 3.75% Debentures (subordinated indebtedness) due September 9, 2015 (the "Debentures"). In accordance with their terms, the Debentures will be redeemed at 100% of their principal amount on September 9, 2010. The interest accrued on the Debentures to the redemption date will be paid through CIBC Mellon Trust Company in the usual manner. The redemption will be financed out of the general corporate funds of CIBC.

For further information: Valentina Wong, CIBC Investor Relations, [phone] or Jason Patchett, CIBC Investor Relations, [phone] or Mary Lou Frazer, CIBC Communications and Public Affairs, 416-980-4111