Commerce Split Corp.
TSX : XCM
TSX : XCM.PR.A

Commerce Split Corp.

April 20, 2015 09:00 ET

Commerce Split: Monthly Dividend Declared for Class I and Class II Preferred Shares

TORONTO, ONTARIO--(Marketwired - April 20, 2015) - New Commerce Split (the "Company") declares its monthly distribution of $0.025 per share ($0.30 annually) for Class I Preferred shareholders (YCM.PR.A) and $0.03125 per share ($0.375 annually) for Class II Preferred shareholders (YCM.PR.B). The Class I Preferred share dividends are paid at an annual rate of 6.00% based on the $5 repayment amount. Class II Preferred share dividends are paid at an annual rate of 7.50% based on their $5 repayment amount. Distributions are payable May 8, 2015 to shareholders on record as of April 30, 2015.

The Company invests in common shares of Canadian Imperial Bank of Commerce, a Canadian financial institution.

Distribution Details:
Class I Preferred Share (YCM.PR.A) $0.025
Class II Preferred Share (YCM.PR.B) $0.03125
Ex-Dividend Date: April 28, 2015
Record Date: April 30, 2015
Payable Date: May 8, 2015

Contact Information

  • New Commerce Split
    Investor Relations
    416-304-4443
    Toll free at 1-877-4-Quadra (1-877-478-2372)
    www.CommerceSplit.com