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.
| 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 |
Investor Relations
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