Commerce Split: Monthly Dividend Declared for Class I and Class II Preferred Shares
December 20 2017 - 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 January
10, 2018 to shareholders on record as at December 29, 2017.
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: |
|
December 28, 2017 |
Record Date: |
|
December 29, 2017 |
Payable Date: |
|
January 10, 2018 |
|
|
|
Investor Relations: 1-877-478-2372Local:
416-304-4443www.commercesplit.cominfo@quadravest.com
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