New Commerce Split
TSX : YCM.PR.A
TSX : YCM.PR.B

New Commerce Split

July 20, 2016 09:00 ET

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

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

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