Monthly Distribution Announced for Capital and Preferred Shares
Monthly Distribution for Shareholders
Commerce Split, a prominent player in the financial sector, has officially announced its monthly distribution for shareholders of both Capital shares and Preferred shares. For the Capital shareholders (YCM), the declared monthly distribution is set at a generous $0.05000 per share. This is a part of the company's commitment to rewarding its investors.
Preferred Shareholder Updates
In addition to the Capital shares, the Company is also providing regular monthly distributions for its Class I and Class II Preferred shareholders. The Class I Preferred shareholders (YCM.PR.A) will receive a distribution of $0.02500 per share, which amounts to $0.30 annually. Meanwhile, Class II Preferred shareholders (YCM.PR.B) will benefit from a distribution of $0.03125 per share, equating to $0.375 annually.
Annual Rates for Preferred Shares
The distributions for the Preferred shares are based on the repayment amounts of $5. This translates to an annual payment rate of 6.00% for Class I Preferred shares and a more favorable 7.50% for Class II shares. These rates reflect the Company's dedication to maintaining attractive returns for its investors.
Payment Details
Shareholders can expect their distributions to be payable on July 10. To qualify for this payment, shareholders need to be on record by June 30. This timetable is crucial for investors planning their financials and ensures transparency within the Company's operations.
Investment Strategy
The Company’s investment strategy involves holding common shares in established institutions like the Canadian Imperial Bank of Commerce. This strategic investment speaks to the Company's focus on steady growth and reliable returns for its stakeholders.
Contact Information for Investors
For those seeking more information or having queries about these distributions, they can reach out through the following contact methods:
Investor Relations: 1-877-478-2372
Local: 416-304-4443
Email: info@quadravest.com
Frequently Asked Questions
What is the monthly distribution amount for Capital shareholders?
The monthly distribution amount for Capital shareholders is $0.05000 per share.
What are the distributions for Class I and Class II Preferred shareholders?
Class I Preferred shareholders receive $0.02500 per share, while Class II shareholders receive $0.03125 per share.
What are the annual payment rates for the Preferred shares?
The annual payment rate for Class I Preferred shares is 6.00%, and for Class II, it is 7.50%.
When will the distributions be paid?
The distributions are payable on July 10 to shareholders on record as of June 30.
How can investors contact the company for more information?
Investors can reach the Investor Relations team at 1-877-478-2372 or email info@quadravest.com.
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