Commerce Split Monthly Payments Declared for Capital Share and Preferred Shares
March 18 2022 - 08:00AM
New Commerce Split (The "Company") declares a monthly distribution
of $0.05000 per share for Capital shareholders (YCM), and 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 Preferreds are paid at an annual rate of
6.00% based on their $5 repayment amount. Class II Preferreds are
paid at an annual rate of 7.50% based on their $5 repayment amount.
Distributions are payable April 8, 2022 to shareholders on record
as at March 31, 2022.
The Company invests in common shares of Canadian
Imperial Bank of Commerce, a Canadian financial institution.
Distribution Details |
|
|
|
Capital Share (YCM) |
$0.05000 |
|
|
Class I Preferred Share (YCM.PR.A) |
$0.02500 |
|
|
Class II Preferred Share (YCM.PR.B) |
$0.03125 |
|
|
Record Date: |
March 31, 2022 |
|
|
Payable Date: |
April 8, 2022 |
|
|
Investor Relations: 1-877-478-2372Local:
416-304-4443www.commercesplit.cominfo@quadravest.com
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