TORONTO, July 18, 2023 (GLOBE NEWSWIRE) -- New Commerce Split (The "Company") declares its monthly distribution of $0.02500 per share ($0.30 annually), for Class I Preferred shareholders (YCM.PR.A), and $0.03125 per share ($0.375 annually) for Class II Preferred shareholders (YCM.PR.B). The Class I Preferred share dividends are paid at an annual rate of 6.00% based on the $5 repayment amount. Class II Preferred share dividends are paid at an annual rate of 7.50% based on their $5 repayment amount. Distributions are payable August 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) | $0.02500 | |
| Class II Preferred Share (YCM.PR.B) | $0.03125 | |
| Record Date: | July 31, 2023 | |
| Payable Date: | August 10, 2023 | |
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