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

New Commerce Split

January 20, 2015 09:00 ET

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

TORONTO, ONTARIO--(Marketwired - Jan. 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). As approved at a special meeting held on May 14, 2014, 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 February 10, 2015 to shareholders on record as of January 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: January 28, 2015
Record Date: January 30, 2015
Payable Date: February 10, 2015

Contact Information

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