Monday, January 20, 2025
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Commerce Split Monthly Payments Declared for Capital Share and Preferred Shares

TORONTO, Jan. 20, 2025 (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 February 10, 2025 to shareholders on record as at January 31, 2025.

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: January 31, 2025
Payable Date: February 10, 2025

Investor Relations: 1-877-478-2372 Local: 416-304-4443  www.commercesplit.com [email protected] 

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