New Commerce Split declares its monthly distribution of $0.03125 per share ($0.375 annually) for Class I Preferred shareholders. Distributions are payable July 10, 2012 to shareholders on record as of June 29, 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:                       June 27, 2012                 
Record Date:                            June 29, 2012                 
Payable Date:                           July 10, 2012

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

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