Commerce Split: Monthly Dividend Declared for Class I and Class II Preferred Shares
/EINPresswire.com/ -- TORONTO, ONTARIO--(Marketwired - Oct 19, 2016) - 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 November 10, 2016 to shareholders on record as at October 31, 2016.
The Company invests in common shares of Canadian Imperial Bank of Commerce, a Canadian financial institution.
|Class I Preferred Share (YCM.PR.A)||$0.02500|
|Class II Preferred Share (YCM.PR.B)||$0.03125|
|Ex-Dividend Date:||October 27, 2016|
|Record Date:||October 31, 2016|
|Payable Date:||November 10, 2016|