New Commerce Split declares its monthly distribution of $0.03125 per share
($0.375 annually) for Class I Preferred shareholders. Distributions are payable
February 10, 2012 to shareholders on record as of January 31, 2012. 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:                                  January 27, 2012         
Record Date:                                       January 31, 2012         
Payable Date:                                      February 10, 2012
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