Commerce Split Monthly Dividend Declared for Class I Preferred Shares
TORONTO, Oct. 19, 2023 (GLOBE NEWSWIRE) -- 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). The Class I Preferred share dividends are paid at an annual rate of 6.00% based on the $5 repayment amount. Distributions are payable November 10, 2023 to shareholders on record as at October 31, 2023.
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 |
| Record Date: | October 31, 2023 |
| Payable Date: | November 10, 2023 |
| Investor Relations: 1-877-478-2372 | Local: 416-304-4443 | www.commercesplit.com | info@quadravest.com |
