Monthly Payments Declared for Capital Share/Preferred Shares TORONTO, Nov. 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 December 10, 2021 to shareholders on record as at November 30, 2021.
The Company invests in common shares of Canadian Imperial Bank of Commerce, a Canadian financial institution.
https://www.globenewswire.com/news-release/2021/11/18/2337778/0/en/Commerce-Split-Monthly-Payments-Declared-for-Capital-Share-and-Preferred-Shares.html