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

TORONTO, March 20, 2018 (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 April 10, 2018 to shareholders on record as at March 29, 2018.

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:March 28, 2018
Record Date:March 29, 2018
Payable Date:April 10, 2018

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

Source: New Commerce Split