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

CBJ Newsmakers

TORONTO, Jan. 17, 2019 (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 February 8, 2019 to shareholders on record as at January 31, 2019.

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:       January 30, 2019
Record Date:       January 31, 2019
Payable Date:       February 8, 2019
         

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

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