New Commerce Split: Monthly Dividend Declared for Class I and Class II Preferred Shares

TORONTO, ONTARIO–(Marketwired – Nov. 20, 2017) – New Commerce Split (The “Company”) declares its regular monthly distribution of {$content}.02500 per share ({$content}.30 annually), for Class I Preferred shareholders (YCM.PR.A), and {$content}.03125 per share ({$content}.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 repayment amount. Class II Preferred share dividends are paid at an annual rate of 7.50% based on their repayment amount. Distributions are payable December 8, 2017 to shareholders on record as at November 30, 2017.

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