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 March 8, 2024 to shareholders on record as at February 29, 2024.

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:	February 29, 2024
Payable Date:	March 8, 2024

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