03:22 PM EST - CIBC : said it signed an agreement with a group of underwriters led by CIBC World Markets Inc. to issue 9 million class A preferred shares priced at $25.00 for gross proceeds of $225 million. Underwriters to the issue were granted an option, exercisable in whole or in part prior to closing, to purchase an additional 3 million Series 33 Shares at the same offering price. If underwriters' option is fully exercised, the total gross proceeds of the financing would be $300 million. CIBC
shares T.CM are trading $4.13 at $61.19.
