COMMERCE SPLIT: Monthly Dividend Declared for Class I Preferred Shares
24 March 2020 - 7:00AM
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). The Class I Preferred share
dividends are paid at an annual rate of 6.00% based on the $5
repayment amount. Distributions are payable April 9, 2020 to
shareholders on record as at March 31, 2020.
Since the latter part of February 2020, financial markets have
been extremely volatile in response to the developing COVID-19
pandemic and equity markets in particular have experienced
significant declines. The investment portfolio of the Company has
been subject to these market fluctuations and the net assets of the
Company have been materially negatively impacted. The Company’s
investment portfolio may continue to experience significant
volatility as the situation evolves.The Company invests in common
shares of Canadian Imperial Bank of Commerce, a Canadian financial
institution.
Distribution Details |
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Class I Preferred Share (YCM.PR.A) |
$0.02500 |
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Ex-Dividend Date: |
March 30, 2020 |
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Record Date: |
March 31, 2020 |
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Payable Date: |
April 9, 2020 |
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Investor Relations: 1-877-478-2372Local:
416-304-4443www.commercesplit.cominfo@quadravest.com
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