TORONTO, March  20, 2023  (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 April 10, 2023 to shareholders on record as at March 31, 2023.

The Company invests in common shares of Canadian Imperial Bank of Commerce, a Canadian financial institution.

DistributionDetails  Class I Preferred Share (YCM.PR.A)$0.02500Class II PreferredShare (YCM.PR.B)$0.03125Record Date:March31,2023Payable Date:April10,2023

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