An anonymous director reports

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

Commerce Split Corp. has declared its monthly distribution of 2.500 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 6.00 per cent based on the $5 repayment amount. Class II preferred share dividends are paid at an annual rate of 7.50 per cent based on their $5 repayment amount. Distributions are payable on Aug. 10, 2023, to shareholders on record as at July 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):  2.500 cents

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

Record date:  July 31, 2023

Payable date:  Aug. 10, 2023