New Commerce Split: Capital Share Reinstates Distributions and Monthly Payments Declared for Preferred Shares

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TORONTO, June 18, 2021 (GLOBE NEWSWIRE) -- 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 July 9, 2021 to shareholders on record as at June 30, 2021.

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

Ex-Dividend Date:

June 29, 2021

Record Date:

June 30, 2021

Payable Date:

July 9, 2021

Investor Relations: 1-877-478-2372
Local: 416-304-4443
www.commercesplit.com
info@quadravest.com



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