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

TORONTO, Dec. 20, 2017 (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 January 10, 2018 to shareholders on record as at December 29, 2017.

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 28, 2017
Record Date:		December 29, 2017
Payable Date:		January 10, 2018