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New Commerce Split Fund
Symbol C : YCM
Shares Issued 1,622,069
Close 2019-09-13 C$ 0.82
Recent Sedar Documents

New Commerce declares Class I, II distributions

2019-09-18 09:18 ET - News Release

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 and 3.125 cents per share (37.5 cents annually) for Class II preferred shareholders. 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 Oct. 10, 2019, to shareholders on record as at Sept. 30, 2019.

The company invests in common shares of Canadian Imperial Bank of Commerce, a Canadian financial institution.

Distribution details

Class I preferred share:  2.5 cents

Class II preferred share:  3.125 cents

Ex dividend date:  Sept. 27, 2019

Record date:  Sept. 30, 2019

Payable date:  Oct. 10, 2019

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