Commerce Split Monthly Dividend Declared for Class I and Class II Preferred Shares
February 20 2020 - 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 March 10, 2020
to shareholders on record as at February 28, 2020.
The Company invests in common shares of Canadian Imperial Bank
of Commerce, a Canadian financial institution.
Distribution Details |
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Class I Preferred Share (YCM.PR.A) |
$0.02500 |
|
|
Class II Preferred Share (YCM.PR.B) |
$0.03125 |
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|
Ex-Dividend Date: |
February 27, 2020 |
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Record Date: |
February 28, 2020 |
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Payable Date: |
March 10, 2020 |
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Investor Relations: 1-877-478-2372
Local: 416-304-4443
www.commercesplit.com
info@quadravest.com
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