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CIBC shareholders reject MÉDAC proposals

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CIBC shareholders reject MÉDAC proposals

CanadianImperial Bank of Commerce shareholders on April 5 voted down proposalsthat would have had the bank further simplify financial information released toinvestors and share in efforts to improve Quebec's public finances, according toa Form 6-K filed the same day.

The proposalshad been made by Mouvement d'education et de défense des actionnaires, and theywere earlier defeatedat Toronto-Dominion Bank.