Commerce Split Monthly Dividend Declared for Class I and Class II Preferred Shares
October 18 2018 - 9:00AM
New Commerce Split (The "Company") declares its regular monthly
distribution of $0.02500 per share ($0.30 annually), for Class I
Preferred shareholders (YCM.PR.A), and $0.03125 per share ($0.375
annually) for Class II Preferred shareholders (YCM.PR.B). The Class
I Preferred share dividends are paid at an annual rate of 6.00%
based on the $5 repayment amount. Class II Preferred share
dividends are paid at an annual rate of 7.50% based on
their $5 repayment amount. Distributions are payable November
9, 2018 to shareholders on record as at October 31, 2018.
The Company invests in common shares of Canadian
Imperial Bank of Commerce, a Canadian financial institution.
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Distribution Details |
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Class I
Preferred Share (YCM.PR.A) |
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$0.02500 |
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Class II
Preferred Share (YCM.PR.B) |
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$0.03125 |
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Ex-Dividend
Date: |
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October 30, 2018 |
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Record
Date: |
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October 31, 2018 |
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Payable
Date: |
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November 9, 2018 |
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Investor Relations: 1-877-478-2372 Local:
416-304-4443 www.commercesplit.cominfo@quadravest.com
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