Bullboard - Stock Discussion Forum New Commerce Split Corp T.YCM

Alternate Symbol(s): T.YCM.P.B | T.YCM.P.A

The Companys investment objectives with respect to the Class A Shares are (a) to provide holders of Class A Shares with regular monthly cash dividends targeted to be $0.05 per Class A Share to yield 6.0% per annum on the original issue price and (b) on or about the Termination Date, to pay the holders of Class A Shares at least the original issue price of the Class A Shares. In order to achieve... see more

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New Commerce Split Corp > Capital Share Reinstates Distributions and Monthly Payments

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Post by bveilleu on Jun 18, 2021 9:41am

Capital Share Reinstates Distributions and Monthly Payments

TORONTO, June 18, 2021 (GLOBE NEWSWIRE) -- New Commerce Split (The "Company") declares a monthly distribution of $0.05000 per share for Capital shareholders (YCM), and 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 Preferreds are paid at an annual rate of 6.00% based on their $5 repayment amount. Class II Preferreds are paid at an annual rate of 7.50% based on their $5 repayment amount. Distributions are payable July 9, 2021 to shareholders on record as at June 30, 2021.

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

Distribution Details

Capital Share (YCM)	$0.05000
Class I Preferred Share (YCM.PR.A)	$0.02500
Class II Preferred Share (YCM.PR.B)	$0.03125
Ex-Dividend Date:	June 29, 2021
Record Date:	June 30, 2021
Payable Date:	July 9, 2021