The Securities Commission has granted an extension to the lapse date for the renewal of the Prospectus Documents of various open-ended mutual funds managed by CIBC Asset Management Inc. This extension was sought to accommodate the incorporation of a new fixed administration fee structure into the renewal Prospectus Documents, pending approval from a unitholder meeting. The extension will not compromise the accuracy or currency of the information in the current Prospectus Documents, as no material changes have occurred since their last update. The extension is for 31 days, moving the lapse date to August 27, 2021, under subsection 62(5) of the Securities Act (R.S.O. 1990, c. S.5). The decision is based on the understanding that the public interest will not be adversely affected by this extension.
