CIBC PRIVATE CLIENT FUND LIMITED ANNOUNCES NAV CALCULATION POLICY

Date30-Jun-2010

CIBC PRIVATE CLIENT FUND LIMITED

NEWS RELEASE

 

CIBC Private Client Fund Limited (the “Company”) is pleased to announce that in conjunction with the commencement of the Company’s new investment policies, as at 12 May 2010, the NAVs for each of the following share classes are calculated on each business day: 

 

CIBC US Dollar Money Market Fund

CIBC US Dollar Bond Fund

CIBC Canadian Dollar Money Market Fund

 

In conjunction with the commencement of the new investment policies, as of 19 May 2010, the NAVs for each of the following share classes are calculated every Wednesday:

 

CIBC Axiom Capital Preservation Fund – Retail

CIBC Axiom Capital Preservation Fund – Wealth

CIBC Axiom Capital Preservation Fund – Institutional

CIBC Axiom Conservative Fund – Retail

CIBC Axiom Conservative Fund – Wealth

CIBC Axiom Conservative Fund – Institutional

CIBC Axiom Balanced Fund – Retail

CIBC Axiom Balanced Fund – Wealth

CIBC Axiom Balanced Fund – Institutional

CIBC Axiom Growth Fund – Retail

CIBC Axiom Growth Fund – Wealth

CIBC Axiom Growth Fund – Institutional

The Company hereby confirms that 12 May 2010 was the last date on which NAVs were calculated on the basis of the former investment policies.

 

Due to a technical error NAVs for all share classes were not sent to the Cayman Islands Stock Exchange for the period 5 May 2010 to 23 June 2010 and accordingly were not published on the Exchange’s website during such period.  The technical issue has been rectified and NAVs for each share class have been sent to the Exchange (for publication on their website) for the outstanding period.

 

From 30 June 2010 the NAVs will be sent to the Exchange, for publication on their website, in accordance with the dealing frequency of each share class.

 

 

Jason Epp

Director

CIBC Private Client Fund Limited

Tel: (345) 949 8666