COMMERCE SPLIT Monthly Dividend Declared for Class I and Class II Preferred Shares

New Commerce Split (The "Company") declares its 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 June 10, 2022 to shareholders on record as at May 31, 2022. 

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
Record Date:	May 31, 2022
Payable Date:	June 10, 2022

Investor Relations: 1-877-478-2372Local: 416-304-4443www.commercesplit.com [e-mail]