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

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), 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 8, 2018 to shareholders on record as at May 31, 2018.

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)Class II Preferred Share (YCM.PR.B)Ex-Dividend Date:Record Date:Payable Date:		$0.02500$0.03125May 30, 2018May 31, 2018June 8, 2018

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