Commerce Split Monthly Dividend Declared for Class I and Class II Preferred Shares
TORONTO, Jan. 20, 2020 (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 February 10, 2020 to shareholders on record as at January 31, 2020.
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: | January 30, 2020 |
| Record Date: | January 31, 2020 |
| Payable Date: | February 10, 2020 |
Investor Relations: 1-877-478-2372
Local: 416-304-4443
www.commercesplit.com
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