CIBC to launch additional U.S. Canadian Depositary Receipt

CIBC to launch additional U.S. Canadian Depositary Receipt

Expanded U.S. CDR lineup will provide more opportunities for Canadian investors to access global companies

TORONTO, Nov. 12, 2026 /CNW/ -- Today, CIBC announced its intention to list a new U.S. Canadian Depositary Receipt ("CDR") on the TSX, with trading expected to begin on November 18, 2026. With this addition, CIBC will now offer 145 CDRs across six countries.

Introduced to investors over five years ago, CDRs make it easy to gain access and exposure to many of the world's largest companies – in Canadian dollars. Offered at a fraction of the price per share of the underlying reference share, and with a built-in notional currency hedge, CDRs provide investors with affordable access to global stocks while mitigating the currency risk associated with global investing.

CIBC's CDRs represent well-known U.S. companies. The new CDR is listed below with the corresponding TSX ticker symbol:

• Nebius Group CDR (CAD Hedged) – NBIS

This listing will add to the existing lineup of CDRs which are currently available for trading.

The Prospectus Supplement for this latest CDR has been filed on SEDAR+ at www.sedarplus.ca. For more information about CDRs, please visit https://cdr.cibc.com.

About CIBC
CIBC is a leading North American financial institution with 15 million personal banking, business, public sector and institutional clients. Across Personal and Business Banking, Commercial Banking, Wealth Management, and Capital Markets, 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/ca/media-centre.

SOURCE CIBC