Piper Jaffray and CIBC Enter into Exclusive Equity Research Distribution Agreement

Piper Jaffray Companies (NYSE: PJC), a leading investment bank and asset management firm, is pleased to announce the firm is entering into an exclusive equity research distribution agreement with the capital markets arm of Canadian Imperial Bank of Commerce (CIBC). CIBC will be the exclusive distributor of Piper Jaffray research in the Canadian market.

“While we previously marketed to Canadian clients directly, we are very pleased to be partnering with CIBC to deliver our highly rated research and analysts to a broader institutional client base,” said Jeff Klinefelter, global head of equities at Piper Jaffray. “We look forward to expanding our research footprint by working with a best-in-class peer to further our efforts.”

The Piper Jaffray equity research group consists of 40 senior analysts covering 750 companies in the consumer, energy, financial institutions, healthcare, industrials, and technology sectors.

The exclusive distribution agreement is effective as of December 5, 2016.

About Canadian Imperial Bank of Commerce (CIBC)CIBC is a leading Canadian-based global financial institution with 11 million personal banking and business clients and three major business units – retail and business banking, wealth management and capital markets. CIBC Capital Markets provides integrated global markets products and services, investment banking advisory and execution, corporate banking, and top-ranked research to corporate, government and institutional clients around the world.

About Piper JaffrayPiper Jaffray Companies (NYSE: PJC) is a leading investment bank and asset management firm. Securities brokerage and investment banking services are offered in the U.S. through Piper Jaffray & Co., member SIPC and FINRA; in Europe through Piper Jaffray Ltd. and Simmons & Company International Limited, authorized and regulated by the U.K. Financial Conduct Authority; and in Hong Kong through Piper Jaffray Hong Kong Limited, authorized and regulated by the Securities and Futures Commission. Asset management products and services are offered through five separate investment advisory affiliates―U.S. Securities and Exchange Commission (SEC) registered Advisory Research, Inc.; Piper Jaffray Investment Management LLC, PJC Capital Partners LLC and Piper Jaffray & Co.; and Guernsey-based Parallel General Partners Limited, authorized and regulated by the Guernsey Financial Services Commission.

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Piper Jaffray & Co.Pamela Steensland, [e-mail]