This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.
Commerce Split Monthly Dividend Declared for Class I and Class II Preferred Shares
TORONTO, July 17, 2024 (GLOBE NEWSWIRE) -- New Commerce Split (The "Company") declares its 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 August 9, 2024 to shareholders on record as at July 31, 2024.
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 |
| Record Date: | July 31, 2024 |
| Payable Date: | August 9, 2024 |
| Investor Relations: 1-877-478-2372 | Local: 416-304-4443 | www.commercesplit.com | info@quadravest.com |
