New Commerce Split

Monthly Dividend Declared for Class I and Class II Preferred Shares

TORONTO, ONTARIO--(Marketwired - Nov. 20, 2017) - New Commerce Split (The "Company") declares its regular 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 December 8, 2017 to shareholders on record as at November 30, 2017.

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

Distribution Details
Class I Preferred Share (YCM.PR.A)	$	0.02500
Class II Preferred Share (YCM.PR.B)	$	0.03125
Ex-Dividend Date:		November 29, 2017
Record Date:		November 30, 2017
Payable Date:		December 8, 2017

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