YCM Commerce Split Corp. Cap.

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

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

TORONTO, July 20, 2020 (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 August 10, 2020 to shareholders on record as at July 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:   July 30, 2020
Record Date:  July 31, 2020
Payable Date:   August 10, 2020



Investor Relations: 1-877-478-2372

Local: 416-304-4443



 

EN
20/07/2020

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