TORONTO, ONTARIO--(Marketwired - July 18, 2014) - New Commerce Split (the "Company") declares its monthly distribution of $0.03125 per share ($0.375 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 and Class II Preferred share dividends are paid at an annual rate of 7.50% based on their $5 notional issue prices. Distributions are payable August 8, 2014 to shareholders on record as of July 31, 2014.
The Company invests in common shares of Canadian Imperial Bank of Commerce, a Canadian financial institution.
Class I Preferred Share (YCM.PR.A) $0.03125
Class II Preferred Share (YCM.PR.B) $0.03125
Ex-Dividend Date: July 29, 2014
Record Date: July 31, 2014
Payable Date: August 8, 2014
FOR FURTHER INFORMATION PLEASE CONTACT:
New Commerce Split
416-304-4443 or toll free: 1-877-4-Quadra (1-877-478-2372)
Source: New Commerce Split