Commerce Split Monthly Dividend Declared for Class I and Class II Preferred Shares
New Commerce Split (The "Company") has declared 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 dividends for Class I Preferred shares are paid at an annual rate of 6.00% based on the $5 repayment amount, while Class II Preferred shares are paid at an annual rate of 7.50% based on their $5 repayment amount. Distributions are payable to shareholders on record.
Dividend Distribution Overview
Details of the monthly distribution are highlighted below:
Class I Preferred Share (YCM.PR.A)
The distribution for Class I Preferred Share is set at $0.02500 per share, translating to an annual payout of $0.30.
Class II Preferred Share (YCM.PR.B)
Class II Preferred shareholders will receive a distribution of $0.03125 per share, amounting to an annual payout of $0.375.
Company Investment Focus
The Company primarily invests in common shares of Canadian Imperial Bank of Commerce, a reputable Canadian financial institution.
Investor Relations
For inquiries, investors can reach out to the following:
Contact Information
Investor Relations: 1-877-478-2372
Local Contact: 416-304-4443
Email: info@quadravest.com
Website: www.commercesplit.com
Frequently Asked Questions
What is the monthly dividend declared by Commerce Split?
The monthly dividend is $0.02500 for Class I shares and $0.03125 for Class II shares.
When is the record date for the dividends?
The record date for the dividends is August 30, 2024.
When will the dividends be payable?
The dividends will be payable on September 10, 2024.
What are the annual dividend rates for Class I and II Preferred shares?
Class I Preferred shares have an annual rate of 6.00%, and Class II Preferred shares have an annual rate of 7.50%.
What type of institution does Commerce Split invest in?
Commerce Split invests in shares of the Canadian Imperial Bank of Commerce.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/