These document are provided for general informational purposes only and do not constitute investment, legal or tax advice. The information contained in these documents has been obtained from sources believed to be reliable and is believed to be accurate at the time of publishing, but we do not represent that it is accurate or complete and it should be relied upon as such. All opinions and estimates expressed in these documents are as of the date of publication unless otherwise indicated, and are subject to change. The CIBC logo is a registered trademark of CIBC. The material and/or its contents may not be reproduced without the express written consent of CIBC.