CIBC announced March 27 its intention to terminate the CIBC Latin American Fund on or about June 12, 2020. The decision was made due to the Fund's small asset size.
Units of the Fund are no longer available for new purchases, including additional purchases by existing unitholders and through regular investment plans. Unitholders will have the right to redeem or switch their investments in the fund up to the close of business on the termination date.
“CIBC encourages all unitholders to consult with their advisors to discuss the financial and tax implications of the termination and to determine the solution that best suits their investment needs and personal situation,” stated the company.
