New Commerce Split Monthly Dividend Declared for Class I Preferred Shares
May 22 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). The Class I Preferred share
dividends are paid at an annual rate of 6.00% based on the $5
repayment amount. Distributions are payable June 10, 2020 to
shareholders on record as at May 29, 2020.
Since the latter part of February 2020,
financial markets have been extremely volatile in response to the
developing COVID-19 pandemic and equity markets in particular have
experienced significant declines. The investment portfolio of the
Company has been subject to these market fluctuations and the net
assets of the Company have been materially negatively impacted. The
Company’s investment portfolio may continue to experience
significant volatility as the situation evolves.
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 |
Ex-Dividend
Date: |
May 28, 2020 |
Record
Date: |
May 29, 2020 |
Payable
Date: |
June 10, 2020 |
Investor Relations: 1-877-478-2372Local:
416-304-4443www.commercesplit.cominfo@quadravest.com
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