CIBC Establishes Capital Platform

Canadian Imperial Bank of Commerce established a $4 billion capital management platform for the issuance of debt securities, class A and class B preferred shares by way of a shelf prospectus filed in all Canadian jurisdictions on January 8, 2004. Tim Unwin, Ernest McNee, Walied Soliman and Mark Rushton of Blake, Cassels & Graydon LLP worked on preparing and clearing the unallocated shelf prospectus.