Commerce Split Monthly Payments Declared for Capital Share and Preferred Shares

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Commerce Split Monthly Payments Declared for Capital Share and Preferred Shares. (2026, September 18). Toronto Star. https://www.thestar.com/globenewswire/commerce-split-monthly-payments-declared-for-capital-share-and-preferred-shares/article_78183e0c-d644-503c-bf35-f592015b43b5.html

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Toronto Star · collected 2026-09-18 · by GlobeNewswire, Inc.

Quick Summary

New Commerce Split declared monthly payments for its Capital and Preferred shareholders on September 18, 2026. Capital shareholders will receive $0.075 per share, while Class I Preferred shareholders get $0.025 per share ($0.30 annually) and Class II Preferred shareholders receive $0.03125 per share ($0.375 annually). The payments reflect annual rates of 6.00% for Class I and 7.50% for Class II based on a $5 repayment amount. Payments will be made on October 9, 2026, to shareholders recorded as of September 30, 2026.

Written by AI on 2026-09-19, from this article's own text only (the story summary below draws on all the coverage).

AI analysis

Story summary

On September 18, 2026, New Commerce Split declared monthly distributions for its Capital and Preferred shareholders. The company announced a payment of $0.07500 per share for Capital shareholders (YCM). For Class I Preferred shareholders (YCM.PR.A), the regular monthly distribution was set at $0.02500, equating to an annual rate of 6% based on their $5 repayment amount, totaling $0.30 annually. Similarly, Class II Preferred shareholders (YCM.PR.B) received a monthly payment of $0.03125 per share, or $0.375 annually at an annual rate of 7.5%. Payments will be made on October 9, 2026 to shareholders listed as of September 30, 2026. New Commerce Split invests in common shares of Canadian Imperial Bank of Commerce (CIBC), a major Canadian financial institution.

Written for “Commerce Payment Structure Update” on 2026-11-04, grounded in this article and the 0 other(s) covering the same event.

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📰 Commerce Payment Structure Update

Economy/Business · 1 article(s) covering the same event.

Compared with similar articles

This article reads unscored and hedges 0% of its claims. Each row says how that neighbour differs.

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Hedges 0 of 2 claims Outlet record 64/100

“The articles describe different companies (New Commerce Split vs. Canadian Life Companies Split Corp.) declaring distinct distributions for their shares.”

M SPLIT CORP. Monthly Dividend Declared for Class I and Class II Preferred Shares Different event

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Hedges 0 of 4 claims Outlet record 64/100

“The articles mention different companies (Commerce Split and M Split Corp.) with distinct dividend rates for their preferred shares, indicating separate declarations.”

How this article was measured signals, leaning charts, publisher record, byline, topics and claims