Commerce Split Monthly Dividend Declared for Class I and Class II Preferred Shares
/EINPresswire.com/ -- TORONTO, ONTARIO--(Marketwired - Mar 20, 2017) - 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 April 10, 2017 to shareholders on record as at March 31, 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: | March 29, 2017 | |
| Record Date: | March 31, 2017 | |
| Payable Date: | April 10, 2017 |
Investor Relations:
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info@quadravest.com
www.commercesplit.com
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