TORONTO, ONTARIO--(Marketwired - July 20, 2016) - 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 August 10, 2016 to shareholders on record as of July 29, 2016.
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: | July 27, 2016 | |
Record Date: | July 29, 2016 | |
Payable Date: | August 10, 2016 |
Contact Information:
1-877-478-2372
Local: 416-304-4443
www.commercesplit.com
info@quadravest.com