TORONTO, Feb. 21, 2019 (GLOBE NEWSWIRE) -- New Commerce Split (The "Company") declares its regular 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 March 8, 2019 to shareholders on record as at February 28, 2019.
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 | |||
Ex-Dividend Date: | February 27, 2019 | |||
Record Date: | February 28, 2019 | |||
Payable Date: | March 8, 2019 | |||
Investor Relations: 1-877-478-2372 | Local: 416-304-4443 | www.commercesplit.com | info@quadravest.com |