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

New Commerce Split - GlobeNewswire - Thu Jan 18, 8:00AM CST

TORONTO, Jan. 18, 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 February 9, 2024 to shareholders on record as at January 31, 2024.

The Company invests in common shares of Canadian Imperial Bank of Commerce, a Canadian financial institution.

*DistributionDetails***
Class I Preferred Share (YCM.PR.A)	$0.02500
ClassIIPreferredShare(YCM.PR.B)	$0.03125
Record Date:	January31,2024
PayableDate:	February 9,2024