New Commerce Split Corp

TSX:YCMCanada

Sep 18, 2024

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• Commerce Split Corp. Preferred Share Rates Maintained, from 4:31PM ET on Wednesday Sep 18, 2024 by Dow Jones

  4:31PM ET on Wednesday Sep 18, 2024 by Dow Jones
  Companies Mentioned: YCM
  
  Commerce Split Corp. Preferred Share Rates Maintained
  
  TORONTO, Sept. 18, 2024 (GLOBE NEWSWIRE) -- Commerce Split Corp. (the "Company") announces there will be no change to the annual rates of the Company's Preferred Shares for the new five-year term commencing December 1, 2024. Payments will continue to be equal to 6.00% annually or $0.30 per Class I Preferred Share and 7.50% annually or $0.375 per Class II Preferred Share (if and when the net asset value per unit exceeds $10.00), based on their $5.00 repayment values. These rates are in keeping with market yields for preferred shares with similar terms.
  

• Commerce Split Monthly Dividend Declared for Class I and Class II Preferred Shares, from 9:00AM ET on Wednesday Sep 18, 2024 by Dow Jones

  9:00AM ET on Wednesday Sep 18, 2024 by Dow Jones
  Companies Mentioned: YCM
  
  Commerce Split Monthly Dividend Declared for Class I and Class II Preferred Shares
  
  TORONTO, Sept. 18, 2024 (GLOBE NEWSWIRE) -- New Commerce Split (The "Company") declares 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 Class I Preferred share dividends are paid at an annual rate of 6.00% based on the $5 repayment amount. Class II Preferred share dividends are paid at an annual rate of 7.50% based on their $5 repayment amount. Distributions are payable October 10, 2024 to shareholders on record as at September 30, 2024.