CIBC, Royal Bank, TD declare dividends; Mackenzie reports ETF distributions

CIBC reports that its board of directors declared a dividend of $1.27 per share on common shares for the quarter ending July 31, 2017, payable on July 28, 2017.

As previously announced on May 4, 2017, in the event that the merger between CIBC and PrivateBancorp is imminent but not completed as of June 28, 2017, CIBC will adjust as necessary the anticipated June 28, 2017, record date for this dividend to allow PrivateBancorp’s stockholders to participate in it. The exact record date will be confirmed and communicated by news release.

Class A preferred shares The board also declared dividends per share for the quarter ending July 31, 2017. The dividends are payable on July 28, 2017, to shareholders of record at the close of business on June 28, 2017, as follows:

Series 39 — $0.243750 Series 41 — $0.234375 Series 43 — $0.225000

Royal Bank

Royal Bank reports that its board of directors declared a quarterly common share dividend of $0.87 per share, payable on and after August 24, 2017, to common shareholders of record at the close of business on July 26, 2017.

The board also declared dividends for the following non-cumulative first preferred shares, payable on and after August 24, 2017, to shareholders of record at the close of business on July 26, 2017.

Series W Dividend No. 50 — $0.30625 per share
Series AA Dividend No. 46 — $0.278125 per share
Series AB Dividend No. 44 — $0.29375 per share
Series AC Dividend No. 43 — $0.2875 per share
Series AD Dividend No. 42 — $0.28125 per share
Series AE Dividend No. 42 — $0.28125 per share
Series AF Dividend No. 41 — $0.278125 per share
Series AG Dividend No. 41 — $0.28125 per share
Series AJ Dividend No. 35 — $0.22 per share
Series AK Dividend No. 14 — $0.156148 per share
Series AL Dividend No. 35 — $0.26625 per share
Series AZ Dividend No. 14 — $0.25 per share
Series BB Dividend No. 13 — $0.24375 per share
Series BD Dividend No. 10 — $0.225 per share
Series BF Dividend No. 9 — $0.225 per share
Series BH Dividend No. 8 — $0.30625 per share
Series BI Dividend No. 8 — $0.30625 per share
Series BJ Dividend No. 7 — $0.328125 per share
Series BK Dividend No. 6 — $0.34375 per share
Series BM Dividend No. 5 — $0.34375 per share

The board also declared dividends for the following U.S.-dollar non-cumulative first preferred shares.

Series C-1, Dividend No. 7 — US$13.75 per share (equivalent to US$0.34375 per related depositary share), payable on August 14, 2017, to shareholders of record on August 4, 2017
Series C-2, Dividend No. 7 — US$16.875 per share (equivalent to US$0.421875 per related depositary share), payable on August 7, 2017, to shareholders of record on July 28, 2017

TD Bank

TD declared a dividend of $0.60 per fully paid common share in the capital stock of the bank for the quarter ending July 31, 2017, payable on and after July 31, 2017, to shareholders of record at the close of business on July 10, 2017.

In lieu of receiving their dividends in cash, the bank says holders of its common shares may choose to have their dividends reinvested in additional common shares of the bank in accordance with the dividend reinvestment plan.

Under the plan, the bank has discretion to either purchase additional common shares in the open market or issue them from treasury. If issued from treasury, the bank may decide to apply a discount of up to 5% to the average market price (as defined in the plan) of the additional shares. For the July 31, 2017, dividend, the bank will issue the additional shares from treasury, with no discount.

Registered holders of record of the bank’s common shares wishing to join the plan can obtain an enrolment form from CST Trust Company (1-800-387-0825) or on the bank’s website. To participate in the plan in time for this dividend, enrolment forms for registered holders must be received by CST Trust Company at P.O. Box 4229, Postal Station A, Toronto, Ontario, M5W 0G1, or by facsimile at 1-888-488-1416, before the close of business on July 7, 2017. Beneficial or non-registered holders of the bank’s common shares wishing to join the plan must contact their financial institution or broker for instructions on how to enroll in advance of the above date.

The bank also declared dividends on the following non-cumulative redeemable Class A first preferred shares of the bank, payable on and after July 31 2017, to shareholders of record at the close of business on July 10, 2017:

Series S — $0.2106875 per share
Series T — $0.13206250 per share
Series Y — $0.22246875 per share
Series Z — $0.13706250 per share
Series 1 — $0.24375 per share
Series 3 — $0.2375 per share
Series 5 — $0.234375 per share
Series 7 — $0.225 per share
Series 9 — $0.23125 per share
Series 11 — $0.30625 per share
Series 12 — $0.34375 per share
Series 14 — $0.303125 per share

Mackenzie Financial

There will be May 2017 cash distributions for Mackenzie Financial Corporation’s active ETFs listed below. Unitholders of record on May 31, 2017, will receive cash distributions payable on June 7, 2017.

Mackenzie ETF	Ticker symbol	Distribution per unit ($)	Payment frequency	Exchange
Mackenzie Core Plus Global Fixed Income ETF	MGB	$0.03734	Monthly	TSX
Mackenzie Unconstrained Bond ETF	MUB	$0.07953	Monthly	TSX
Mackenzie Floating Rate Income ETF	MFT	$0.08574	Monthly	TSX
Mackenzie Core Plus Canadian Fixed Income ETF	MKB	$0.03566	Monthly	TSX
Mackenzie Global High Yield Fixed Income ETF	MHYB	$0.08776	Monthly	NEO