CIBC and Renaissance Mutual Funds Discount Broker Trailing Commissions Settlement

THIS SETTLEMENT IS DIRECTED TO:

All persons, wherever they may reside or be domiciled, who held or hold units of a CIBC Mutual Fund or a Renaissance Mutual Fund through a discount broker, except for the Excluded Persons, from September 18, 2003 to January 25, 2024 (“Class” and “Class Members”).

In the above class definition:

“CIBC Mutual Funds” means all mutual fund trusts (including, without limitation, all series of units thereof) of which CIBC Trust Corporation (“CIBC Trust”) is trustee or was trustee at any time from September 18, 2003 to January 25, 2024 (but only in respect of the period during which CIBC Trust is trustee or was trustee, as applicable), including, for greater certainty, (i) those mutual funds that have been terminated, (ii) those mutual funds that have been merged into other mutual funds, and (iii) those mutual funds that have undergone name changes.

“Renaissance Mutual Funds” means all mutual fund trusts (including, without limitation, all series of units thereof) of which CIBC Asset Management Inc. (“CAM”) is trustee or was trustee at any time from September 18, 2003 to January 25, 2024 (but only in respect of the period during which CAM is trustee or was trustee, as applicable), including, for greater certainty, (i) those mutual funds that have been terminated, (ii) those mutual funds that have been merged into other mutual funds, and (iii) those mutual funds that have undergone name changes.

“Excluded Persons” means Canadian Imperial Bank of Commerce (“CIBC”), CIBC Trust (together, “Defendants”), and CAM; the past and present parents, subsidiaries, affiliates, officers, directors, senior employees, legal representatives, heirs, predecessors, successors and assigns of each of the Defendants and CAM; the past and present members of the independent review committee of each CIBC Mutual Fund and each Renaissance Mutual Fund; and any person who validly opted out of the class action.

Examples of discount brokers are BMO InvestorLine, CIBC Investor’s Edge, National Bank Direct Brokerage, RBC Direct Investing, Scotia iTRADE, TD Direct Investing, CI Direct Trading, Qtrade, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, Wealthsimple, Questrade, and Interactive Brokers. They may have had different names in the past.

A settlement (“Settlement”) has been reached in the class action against the Defendants (“Action”). The Ontario Superior Court of Justice (“Court”) has approved the Settlement. The notice contains important details about the Settlement and how to submit a claim for compensation from the Settlement.

IMPORTANT DEADLINE TO FILE CLAIM FOR COMPENSATION

Claims Bar Deadline (deadline to file a claim for compensation): October 21, 2026

IMPORTANT NOTE ABOUT SEPARATE SETTLEMENT FOR NON-DISCOUNT BROKER HOLDERS OF CIBC MUTUAL FUNDS AND RENAISSANCE MUTUAL FUNDS

This settlement is only for the benefit of persons who held units of a CIBC Mutual Fund trust or a Renaissance Mutual Fund trust through a discount broker. If you held units of a CIBC Mutual Fund or a Renaissance Mutual Fund other than through a discount broker (e.g. through an investment advisor), there is a separate settlement for you. Please visit https://www.kalloghlianmyers.com/trailing for more information about that settlement.

IMPORTANT NOTE ABOUT MULTIPLE EMAIL OR MAIL NOTIFICATIONS

Please note you may have received multiple email or mail notifications regarding the claims filing process. This occurs in situations where a Class Member has multiple accounts with CIBC/Renaissance and the details for those accounts are not identical (e.g. different names, additional account holders, differing mailing addresses etcetera).

If you received multiple Known Claimant (contains Claim ID and PIN) notices, please submit each separately using the unique Claim ID and PIN information after selecting “File a Claim” followed by “I have a Claim ID and PIN, and I would like to securely file a claim online.” When logged in, it will display the account(s) associated to that Claim ID and PIN.