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 2.5 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. Class II preferred share dividends are paid at an annual rate of 7.50 per cent based on the $5 repayment amount. Distributions are payable March 8, 2024, to shareholders on record as at Feb. 29, 2024.
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
Record date: Feb. 29, 2024
Payable date: March 8, 2024
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