Commerce Split: Monthly Dividend Declared for Class I and Class II Preferred Shares
/EINPresswire.com/ -- TORONTO, ONTARIO -- (Marketwired) -- 08/17/16 -- 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 September 9, 2016 to shareholders on record as at August 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: August 29, 2016 Record Date: August 31, 2016 Payable Date: September 9, 2016 ---------------------------------------------------------------
Contacts:
Investor Relations
1-877-478-2372
Local: 416-304-4443
www.commercesplit.com
info@quadravest.com
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