CIBC (CM) Files Notice for Normal Course Issuer Bid

CIBC (CM) announced on May 28, 2026, that it will file a notice of intention to launch a normal course issuer bid with the Toronto Stock Exchange and the New York Stock Exchange. The move initiates a share repurchase program, subject to regulatory approval. The proposed bid would allow the Canadian bank to buy back its common shares on the open market. Normal course issuer bids in Canada typically permit repurchases of up to 10% of the public float over a 12-month period, with specific maximum share counts and dates disclosed upon formal filing. The buyback represents a return of capital to shareholders and aligns with CIBC’s ongoing capital management strategy. No further details were immediately available.