Commerce Split: Monthly Dividend Declared for Class I and Class II Preferred Shares
18 Junho 2014 - 10:00AM
Marketwired
Commerce Split: Monthly Dividend Declared for Class I and Class II
Preferred Shares
TORONTO, ONTARIO--(Marketwired - Jun 18, 2014) - New Commerce
Split (the "Company") declares its monthly distribution of $0.03125
per share ($0.375 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 and Class II
Preferred share dividends are paid at an annual rate of 7.50% based
on their $5 notional issue prices. Distributions are payable July
10, 2014 to shareholders on record as of June 30, 2014.
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) |
$0.03125 |
Class
II Preferred Share (YCM.PR.B) |
$0.03125 |
Ex-Dividend Date: |
June 26, 2014 |
Record Date: |
June 30, 2014 |
Payable Date: |
July 10, 2014 |
Further details
regarding changes to the Company's dividend policy as approved at
the special meeting held on May 14, 2014 can be found in the
Information Circular dated April 11, 2014 posted on www.sedar.com
and the Company's web site.
Investor Relations416-304-4443Toll free at 1-877-4-Quadra
(1-877-478-2372)www.CommerceSplit.com
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