SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
---------------
SCHEDULE 13D
(Rule 13d-101)
UNDER THE SECURITIES AND EXCHANGE ACT OF 1934
(Amendment No. ______________)
HOLLINGER INC.
- --------------------------------------------------------------------------------
(Name of Issuer)
Equity Units
- --------------------------------------------------------------------------------
(Title of Class of Securities)
43556C
- --------------------------------------------------------------------------------
(CUSIP Number)
Michele J. Buchignani
Canadian Imperial Bank of Commerce, Commerce Court,
Toronto, Canada (416) 956-6143
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
October 15, 1997
- --------------------------------------------------------------------------------
(Date of Event Which Requires Filing of This Statement)
(Continued on following pages)
(Page 1 of 5 pages)
<PAGE>
CUSIP No. 43556C 13D Page 2 of 5 Pages
------------ ----- -----
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Canadian Imperial Bank of Commerce
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_|
(b) |_|
3 SEC USE ONLY
4 SOURCE OF FUNDS
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e)
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Canada
NUMBER OF 7 SOLE VOTING POWER
SHARES 10,261,129 equity units
BENEFICIALLY
OWNED BY 8 SHARED VOTING POWER
EACH none
REPORTING
PERSON WITH 9 SOLE DISPOSITIVE POWER
10,261,129 equity units
10 SHARED DISPOSITIVE POWER
none
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,261,129
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
15.18%
14 TYPE OF REPORTING PERSON
BK (Foreign)
<PAGE>
Page 3 of 5
Item 1. Security and Issuer.
This statement on Schedule 13D (the "Statement") relates to the equity
unites of Hollinger Inc. (the "Company"), which has its principal executive
offices at 10 Toronto Street, Toronto, Ontario, M5C 2R7.
Item 2. Identity and Background.
This Statement is being filed by Canadian Imperial Bank of Commerce
("CIBC"). CIBC is the second largest bank in Canada in terms of assets and one
of North America's largest financial institutions. CIBC's registered head office
is located at Commerce Court, Toronto, Canada M5L 1A2.
During the last five years, CIBC has not been convicted in any criminal
proceeding and has not been party to a civil proceeding of a judicial or
administrative body of competent jurisdiction and as a result of such proceeding
was or is subject to a judgment, decree or final order enjoining future
violations of, or prohibiting or mandating activities subject to, Federal or
State securities laws or finding any violation with respect to such laws.
Item 3. Source and Amount of Funds or Other Consideration.
On October 10, 1997 CIBC acquired 5,531,915 equity units from Ontario
Teachers' Pension Plan Board at Cdn. $13.26 per equity unit for an aggregate
consideration of Cdn. $73,353,192. CIBC acquired 4,729,214 equity units on
October 7, 1997 upon the conversion of $37,000,000 Floating Rate Cumulative
Convertible Preference Shares Series A and $25,000,000 Floating Rate Cumulative
Redeemable Convertible Perpetual Preferred Shares, Series G of Hollinger (the
"Series A and Series G Preferred Shares") into equity units on the basis of Cdn.
$13.11 per equity unit.
Item 4. Purpose of Transaction.
The securities of the Company to which this Statement relates are held
by CIBC as an investment. Except as otherwise set forth in this Statement, CIBC
does not presently have any plans or proposals which relate to or would result
in: (i) the acquisition by any person of additional securities of the Company,
or the deposition of securities of the Company (other than in the normal course
of business); (ii) an extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving the Company or any of its subsidiaries;
(iii) a sale or transfer of a material amount of assets of the Company or any of
its subsidiaries; (iv) any change in the present board of directors or
management of the Company, including any plans or proposals to change the number
or terms of directors or to fill any existing vacancies on such board of
directors; (v) any material change in the present capitalization or dividend
policy of the Company; (vi) any other material change in the Company's business
or corporate structure; (vii) changes in the Company's articles of incorporation
or by-laws or other actions which may impede the acquisition of control of the
Company by any person; (viii) causing a class of securities of the Company to be
delisted from a national securities exchange or to cease to be authorized to be
quoted in an inter-dealer quotation system of a registered national securities
<PAGE>
Page 4 of 5
association; (ix) a class of equity securities of the Company becoming eligible
for termination of registration pursuant to Section 12(g)(4) of the Exchange
Act; or (x) any action similar to any of those enumerated above.
Subject to applicable law, CIBC may sell some or all of the equity
units which may be owned by CIBC from time to time, depending on its evaluation
of the Company's business, prospects and financial condition, the market for the
shares, other opportunities available to CIBC, general economic conditions,
money and stock market conditions and other future developments.
Item 5. Interest in Securities of the Issuer.
Under Rule 13d-3, CIBC beneficially owns 10,261,129 equity units
representing 15.18% of the equity units on an undiluted basis.
Item 6. Contracts, Arrangements, Understanding or Relationships with Respect
to Securities of the Issuer.
Except as set forth in this Statement, CIBC does not have any
contracts, arrangements, understandings or relationships (legal or otherwise)
with any person with respect to any securities of the Company, including but not
limited to the transfer or voting of any of the securities, finder's fees, joint
ventures, loan or option arrangements, puts or calls, guarantees or profits,
division of profits or loss, or the giving or withholding of proxies.
Item 7. Materials to be Filed as Exhibits.
None.
<PAGE>
Page 5 of 5
SIGNATURE
After reasonable inquiry and to the best of my knowledge an belief, I
certify that the information set forth in this statement is true, complete and
correct.
15 October 1997
--------------------------------
(Date)
CANADIAN IMPERIAL BANK OF
COMMERCE
By:/s/ Michele J. Buchignani
-----------------------------
Michele J. Buchignani
General Manager
