Commerce Split Corp. is a corporation investing in common shares of Canadian Imperial Bank of Commerce, a financial institution with strong fundamentals and performance.

Portfolio Holding:

Common shares of Canadian Imperial Bank of Commerce.

Objectives

Priority Equity Shares (PE Shares):
To provide holders of the PE Shares with fixed, cumulative preferential  monthly distributions to yield 5.25% per annum on the $10 issue price and to return the original issue price to holders on December 1, 2014.
 

Class A Shares:
To provide holders of the Class A Shares with regular monthly cash distributions targeted to yield 6.0% per annum on the $10 issue price and the opportunity for growth in the Net Asset Value.