Commerce Split Monthly Dividend Declared for Class I Preferred Shares

TORONTO, Oct. 19, 2023 (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). The Class I Preferred share dividends are paid at an annual rate of 6.00% based on the $5 repayment amount. Distributions are payable November 10, 2023 to shareholders on record as at October 31, 2023.

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

You May Also Be Interested In

• Fnac Darty: Filing with the European Commission of the takeover bid initiated by EP Group for merger control purposes
• Ascent Developer Solutions Announces $3.7B in Loan Originations, Expansion of Los Angeles Headquarters
• FORVIA: Share Buyback Transaction Statement from 7 to 10 September 2026