Commerce Split Monthly Dividend Declared for Class I and Class II Preferred Shares
TORONTO, May 16, 2024 (GLOBE NEWSWIRE) -- New Commerce Split (The "Company") declares its 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 June 10, 2024 to shareholders on record as at May 31, 2024.
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 |
| Record Date: | May 31, 2024 |
| Payable Date: | June 10, 2024 |
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