Commerce Split Corp. $5.00 Class I Preferred Shares

TSX Exchange | Aug 14, 2020, 11:09 AM EDT | Real-time price

YCM.PR.A $ 5.05 RT
0.00 (0.00%)
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New Commerce Split Monthly Dividend Declared for Class I and Class II Preferred Shares

TORONTO, June 18, 2020 (GLOBE NEWSWIRE) -- 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 July 10, 2020 to shareholders on record as at June 30, 2020.

The Company invests in common shares of Canadian Imperial Bank of Commerce, a Canadian financial institution.

Distribution Details 
Class I Preferred Share (YCM.PR.A)$0.02500
Class II Preferred Share (YCM.PR.B)$0.03125
Ex-Dividend Date:June 29, 2020
Record Date:June 30, 2020
Payable Date:July 10, 2020

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