Commerce Split Corp.: Regular Monthly Dividend Declaration for Preferred Share

July 18, 2008 4:00 PM EDT

TORONTO, ONTARIO--(Marketwire - July 18, 2008) - Commerce Split Corp. ("Commerce Split") declares its regular monthly distribution $0.04375 for each Priority Equity ("Preferred") share ($0.525 annually). Distributions are payable August 8, 2008 to shareholders on record as of July 31, 2008. There will not be a distribution paid to Commerce Split Class A Shares for July 31, 2008 as per the Prospectus which states no regular monthly dividends or other distributions will be paid on the Class A Shares in any month as long as the net asset value per unit is equal to or less than $12.50. The Net Asset Value as of July 15, 2008 was $9.83.

As detailed in the prospectus the company has adopted a strategy (the Preferred Portfolio Protection Plan) intended to provide that the Preferred Share Repayment amount of the original $10.00 par value will be paid in full to holders of the Preferred shares on the termination date on December 1, 2014.

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

Distribution Details:

Preferred Share (XCM.PR.A)      $0.04375

Ex-Dividend Date:               July 29, 2008

Record Date:                    July 31, 2008

Payable Date:                   August 8, 2008


FOR FURTHER INFORMATION PLEASE CONTACT:
        Commerce Split Corp.
        Investor Relations
        (416) 304-4443 or Toll Free: 1-877-4-Quadra (1-877-478-2372)
        Website: www.CommerceSplit.com

Source: Commerce Split Corp.

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