CIBC Asset Management Inc. announces risk rating change and fund terminations Français
Effective immediately, no further purchases for units of the Funds will be accepted. Redemption requests for the Funds will be accepted until the close of business on Termination Date. Any units still held by unitholders as of the Termination Date will be subject to a mandatory redemption. Prior to the Termination Date, CAM will, to the extent reasonably possible, sell or convert the assets of each Fund to cash and, after paying or making adequate provision for all of the Funds' liabilities, as soon as practicable following the Termination Date, distribute the net assets of each Fund pro rata among unitholders of record of the applicable Fund based on the class net asset value per unit.
In accordance with securities legislation, further details of the terminations will be sent to unitholders of the Funds no less than 60 days prior to the Termination Date.
CAM encourages all unitholders to consult with their advisors to discuss the financial and tax implications of the terminations and to determine the solution that best suits their investment needs and personal situation.
Risk rating change
CAM is changing the risk rating for Renaissance Diversified Income Fund. The change will be reflected in the renewal of the Renaissance Investments family of funds, Axiom Portfolios, CIBC Private Pools, CIBC Fixed Income Pools, CIBC Fixed Income Funds and CIBC Alternative Mutual Funds Simplified Prospectus, effective on or about August 13, 2025.
The new risk rating was determined in accordance with the standardized risk classification methodology mandated by the Canadian Securities Administrators. No changes have been made to the investment objectives, investment strategies or management of the affected mutual fund. CAM reviews the risk rating for each fund at least annually and adjusts whenever the existing investment risk level is no longer appropriate.
About CIBC
CIBC is a leading North American financial institution with 14 million personal banking, business, public sector and institutional clients. Across Personal and Business Banking, Commercial Banking and 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 https://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 $227 billion in assets under administration as of June 2025.
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