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

/ -- 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.

Distribution Details
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

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