New Commerce Split declares its monthly distribution of $0.03125 per share
($0.375 annually) for Class I Preferred shareholders. Distributions are payable
December 9, 2011 to shareholders on record as of November 30, 2011. The Class I
Preferred share dividends are paid at an annual rate of 7.50% based on the $5
notional issue price.


New Commerce Split invests in common shares of Canadian Imperial Bank of
Commerce, a Canadian financial institution.




Distribution Details:                                                
Class I Preferred Share (YCM.PR.A):   $0.03125                       
Ex-Dividend Date:                     November 28, 2011              
Record Date:                          November 30, 2011              
Payable Date:                         December 9, 2011
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