Commerce Split Monthly Dividend Declared for Class I and Class II Preferred Shares
June 19 2024 - 4:00PM
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 July 10, 2024 to
shareholders on record as at June 28, 2024.
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: |
June 28, 2024 |
Payable
Date: |
July 10, 2024 |
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Investor Relations:
1-877-478-2372 |
Local: 416-304-4443 |
www.commercesplit.com |
info@quadravest.com |
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