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

New Commerce Split

April 18, 2017 17:07 ET

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

TORONTO, ONTARIO--(Marketwired - April 18, 2017) - New Commerce Split (The "Company") declares its regular monthly distribution of $0.02500 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 10, 2017 to shareholders on record as at April 28, 2017.

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) $0.02500
Class II Preferred Share (YCM.PR.B) $0.03125
Ex-Dividend Date: April 26, 2017
Record Date: April 28, 2017
Payable Date: May 10, 2017

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