New Commerce Split: Monthly Dividend Declared for Class I and Class II Preferred Shares
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 12/17/14 -- New Commerce Split (the "Company") (TSX: YCM.PR.A)(TSX: YCM.PR.B) declares its monthly distribution of $0.025 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). As approved at a special meeting held on May 14, 2014, the Class I Preferred share dividend rate will now be paid at an annual rate of 6.00% based on the $5 repayment amount effective with the December 2014 monthly dividend. Class II Preferred share dividends will continue to be paid at an annual rate of 7.50% based on their $5 repayment amount. Distributions are payable January 9, 2015 to shareholders on record as of December 31, 2014.
The Company invests in common shares of Canadian Imperial Bank of Commerce, a Canadian financial institution.
Contacts:
New Commerce Split
Investor Relations
416-304-4443, toll free at 1-877-4-Quadra (1-877-478-2372)
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Datum: 17.12.2014 - 15:00 Uhr
Sprache: Deutsch
News-ID 1326040
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TORONTO, ONTARIO
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Kategorie:
Personal Finance
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