New Commerce Split Monthly Dividend Declared for Class I and Class II Preferred Shares
18 December 2020 - 1:00AM
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 8, 2021 to
shareholders on record as at December 31, 2020.
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 30, 2020 |
Record
Date: |
December 31, 2020 |
Payable Date: |
January 8, 2021 |
Investor Relations: 1-877-478-2372Local:
416-304-4443www.commercesplit.cominfo@quadravest.com
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