March 06, 2014 15:21 ET
TORONTO, ONTARIO--(Marketwired - March 6, 2014) - New Commerce Split Fund (the "Company") today announced that a special meeting of shareholders will be held at 10:00 a.m. (Eastern standard time) on May 14, 2014. The purpose of the meeting is to consider a special resolution to allow shareholders to continue their investment beyond the currently scheduled termination date of December 1, 2014. Under the proposal, the initial termination date would be extended by 5 years to December 1, 2019.
The special resolution will also include a proposal to modify the dividend policy for the Class I Preferred shares and the Class II Preferred shares as follows:
Full details of the meeting will be contained in the Notice of Meeting and Management Information Circular which will be mailed on April 17, 2014 to all shareholders of record on April 9, 2014.
The Company invests in common shares of Canadian Imperial Bank of Commerce, a Canadian financial institution.
New Commerce Split FundInvestor Relations416-304-4443Toll Free: 1-877-4-Quadra (1-877-478-2372)www.CommerceSplit.com
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