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

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TORONTO, Aug. 20, 2018 (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 September 10, 2018 to shareholders on record as at August 31, 2018.

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:  August 30, 2018
   
Record Date:  August 31, 2018
   
Payable Date:  September 10, 2018
   

Investor Relations: 1-877-478-2372
Local: 416-304-4443
www.commercesplit.com
info@quadravest.com

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