TORONTO, ONTARIO -- (Marketwired) -- 04/18/17 -- 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 May 10, 2017 to shareholders on record as at April 28, 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: April 26, 2017 Record Date: April 28, 2017 Payable Date: May 10, 2017 ---------------------------------------------------------------------------- ----------------------------------------------------------------------------
Contacts:
New Commerce Split
Investor Relations: 1-877-478-2372
Local: 416-304-4443
info@quadravest.com
www.commercesplit.com
