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

Contacts: New Commerce Split Investor Relations 416-304-4443 or toll free at 1-877-4-Quadra (1-877-478-2372)www.CommerceSplit.com

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