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






TORONTO, ONTARIO — (Marketwired) — 03/20/17 — 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 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.

Contacts:
Investor Relations:
1-877-478-2372
Local: 416-304-4443

Short URL: https://www.88finance.com/?p=531206





Posted by on Mar 20 2017. Filed under Personal Finance, Picture Gallery. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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