CIBC today announced that it has notified the NYSE Alternext US LLC of its intention to voluntarily withdraw the several equity linked notes from listing on NYSE Alternext due to the small number of holders of record of the notes and low secondary trading volume.
CIBC expects the delisting to become effective on Nov. 20.
CIBC says delisting the notes will not affect their terms.
After the delisting, holders of the notes will continue to receive any interest and principal payments through the trustee, Wilmington Trust Co. The notes will not be listed on another national securities exchange.
For a complete list of the notes being withdrawn, please see the attached list.
IE
CIBC to withdraw Merits notes from NYSE Alternext
- By: IE Staff
- October 31, 2008 October 31, 2008
- 12:40