An anonymous director reports

COMMERCE SPLIT MONTHLY DIVIDEND DECLARED FOR CLASS I AND CLASS II PREFERRED SHARES

New Commerce Split Fund has declared its regular monthly distribution of 2.5 cents per share (30 cents annually) for Class I preferred shareholders (YCM.PR.A) and 3.125 cents per share (37.5 cents annually) for Class II preferred shareholders (YCM.PR.B). The Class I preferred share dividends are paid at an annual rate of 6 per cent based on the $5 repayment amount. The Class II preferred share dividends are paid at an annual rate of 7.5 per cent based on their $5 repayment amount. Distributions are payable May 10, 2019, to shareholders on record as at April 30, 2019.

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):  2.5 cents

Class II preferred share (YCM.PR.B):  3.125 cents

Ex dividend date:  April 29, 2019

Record date:  April 30, 2019

Payable date:  May 10, 2019