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

July 18, 2014

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.

Distribution Details: 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 Investor Relations 416-304-4443 or toll free: 1-877-4-Quadra (1-877-478-2372) Source: New Commerce Split

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Source: Marketwire (Canada)

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