Original Commerce Split is a corporation investing in common shares of Canadian Imperial Bank of Commerce, and the Priority Equity Protection Plan.  To view the December 23, 2009 Information Circular which outlines details of the Capital Reorganization completed on March 26, 2010, please click here.

Objectives

Priority Equity Shares (2010) YCM.PR.X:
To provide holders 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 (2010) YCM.X:
To provide holders with dividends if and when the net asset value per unit exceeds $12.50.  The Class A share will continue to participate in any net asset value growth over $10 per unit.