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.
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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