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Commerce Split Monthly Dividend Declared for Class I and Class II Preferred Shares

·1-min read
New Commerce Split
New Commerce Split

TORONTO, Aug. 18, 2022 (GLOBE NEWSWIRE) -- New Commerce Split (The "Company") declares its 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 September 9, 2022 to shareholders on record as at August 31, 2022.

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

 

 

 

Record Date:

 

August 31, 2022

 

 

 

Payable Date: 

 

September 9, 2022

 

 

 

Investor Relations: 1-877-478-2372
Local: 416-304-4443
www.commercesplit.com 
info@quadravest.com