CIBC seeks TSX listing for Honeywell Aerospace CDRs under symbol HONA

Canadian Imperial Bank of Commerce

Canadian Imperial Bank of Commerce

CM

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  • CIBC moved to list new Canadian Depositary Receipts for Honeywell Aerospace on the TSX under the symbol HONA.
  • The CDRs are set to be distributed 1-for-1 to holders of Honeywell CDRs tied to Honeywell’s planned Aerospace spin-off.
  • Honeywell targets the Aerospace share distribution for June 29, 2026, at a ratio of 1 Aerospace share per 2 Honeywell shares.
  • Honeywell CDRs are expected to trade normally on the TSX until the last session before June 29, then trade ex-distribution.
  • CIBC retains the right to cancel the planned HONA distribution if the spin-off does not proceed as outlined.


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