Monthly Dividend Declared for Class I and Class II Preferred Shares
TORONTO, Feb. 21, 2019 (GLOBE NEWSWIRE) -- New Commerce Split (The "Company")Â 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 March 8, 2019 to shareholders on record as at February 28, 2019.
The Company invests in common shares of Canadian Imperial Bank of Commerce, a Canadian financial institution.
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Distribution Details | ||||
Class I Preferred Share (YCM.PR.A) | Â | Â $0.02500 | ||
Class II Preferred Share (YCM.PR.B) | Â | $0.03125 | ||
Ex-Dividend Date: | Â | Â | February 27, 2019 | |
Record Date: | Â | Â | Â | February 28, 2019 |
Payable Date: | Â | Â | Â | March 8, 2019 |
  Investor Relations: 1-877-478-2372 |    Local: 416-304-4443 |    www.commercesplit.com |    info@quadravest.com |
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