New Commerce Split declares its monthly distribution of $0.03125 per share
($0.375 annually) for Class I Preferred shareholders. Distributions are payable
May 10, 2012 to shareholders on record as of April 30, 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:                                 April 26, 2012     
     Record Date:                                      April 30, 2012     
     Payable Date:                                       May 10, 2012
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