Commerce Split Corp.

Commerce Split Corp.

July 18, 2007 09:00 ET

Commerce Split Corp.: Regular Monthly Dividend Declaration

TORONTO, ONTARIO--(Marketwire - July 18, 2007) - Commerce Split Corp. ("Commerce Split") declares its regular monthly distribution of $0.05 for each Class A share ($0.60 annually) and $0.04375 for each Preferred share ($0.525 annually). Distributions are payable August 10, 2007 to shareholders on record as of July 31, 2007.

Since inception (Feb 16/07) Class A shareholders have received a total of $0.25 per share and Preferred shareholders have received a total of $0.24 per share inclusive of this distribution, for a combined total of $0.49.

Commerce Split invests in common shares of Canadian Imperial Bank of Commerce, a Canadian financial institution with strong fundamentals and performance.

Distribution Details:

Class A Share (XCM): $0.05
Preferred Share (XCM.PR.A) $0.04375
Ex-Dividend Date: July 27, 2007
Record Date: July 31, 2007
Payable Date: August 10, 2007

Contact Information

  • Commerce Split Corp.
    Investor Relations
    (416) 304-4443 or Toll Free: 1-877-4-Quadra (1-877-478-2372)