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

TORONTO, July 18, 2018 (GLOBE NEWSWIRE) -- 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 August 10, 2018 to shareholders on record as at July 31, 2018.

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: July 30, 2018
Record Date: July 31, 2018
Payable Date: August 10, 2018


Investor Relations:
1-877-478-2372                
Local: 416-304-4443                                                                        
www.commercesplit.com                                                                        
info@quadravest.com

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