CIBC Expands U.S. CDR Offerings with Coinbase and Lockheed Martin: Enhancing Investment Opportunities for Canadian Investors.

CIBC expands its US Canadian Depositary Receipts (CDRs) lineup with the introduction of CDRs for Coinbase and Lockheed Martin, allowing Canadian investors to access global companies in Canadian dollars. The bank's robust financial performance and technical strength are supported by solid earnings growth and strategic focus on AI and digital enhancements.

Canadian Imperial Bank of Commerce (CIBC) has expanded its U.S. Canadian Depositary Receipts (CDRs) offerings by introducing new CDRs for Coinbase and Lockheed Martin, now available on the TSX [1]. These CDRs allow Canadian investors to access global companies in Canadian dollars, providing affordability and currency risk mitigation, thereby enhancing investment opportunities in global stocks.

The introduction of these CDRs brings the total number of CIBC's global CDRs to 103, spanning four countries. CDRs are offered at a fraction of the price per share of the underlying reference share and come with a built-in notional currency hedge, making them a cost-effective and convenient way to invest in international companies [2].

Coinbase CDR (CAD Hedged) – COIN
Lockheed Martin CDR (CAD Hedged) – LMT

These new CDRs join an existing portfolio that includes well-known U.S. companies. CIBC's CDRs are designed to make it easier for Canadian investors to access global stocks, offering a simple and affordable way to diversify their portfolios [2].

CIBC's latest earnings report highlights its robust financial performance and strategic focus on AI and digital enhancements. The bank's Canadian personal and business banking unit reported net income of C$812 million for the third quarter, beating the C$754 million average forecast. This performance underscores CIBC's commitment to providing investors with more opportunities to access global markets [4].

For more information about CIBC's CDRs, visit the Prospectus Supplement on SEDAR+ at www.sedarplus.ca [2].

References:
[1] https://www.theglobeandmail.com/investing/markets/stocks/CM/pressreleases/34448123/cibc-expands-us-cdr-offerings-with-coinbase-and-lockheed-martin/
[2] https://www.newswire.ca/news-releases/cibc-launches-additional-u-s-canadian-depositary-receipts-cdrs--812531900.html
[3] https://www.ainvest.com/news/cibc-launches-additional-canadian-depositary-receipts-2508/
[4] https://www.bloomberg.com/news/articles/2025-08-28/td-tops-estimates-as-domestic-banking-unit-sees-record-revenue