TORONTO, Sept. 18, 2024 (GLOBE NEWSWIRE) — Commerce Split Corp. (the “Company”) announces there will be no change to the annual rates of the Company’s Preferred Shares for the new five-year term commencing December 1, 2024. Payments will continue to be equal to 6.00% annually or $0.30 per Class I Preferred Share and 7.50% annually or $0.375 per Class II Preferred Share (if and when the net asset value per unit exceeds $10.00), based on their $5.00 repayment values. These rates are in keeping with market yields for preferred shares with similar terms.
TORONTO, Sept. 18, 2024 (GLOBE NEWSWIRE) — Commerce Split Corp. (the “Company”) announces there will be no change to the annual rates of the Company’s Preferred Shares for the new five-year term commencing December 1, 2024. Payments will continue to be equal to 6.00% annually or $0.30 per Class I Preferred Share and 7.50% annually or $0.375 per Class II Preferred Share (if and when the net asset value per unit exceeds $10.00), based on their $5.00 repayment values. These rates are in keeping with market yields for preferred shares with similar terms. Read MoreTSX:YCM.PR.A, TSX:YCM, TSX:YCM-PB, TSX:YCM-PA, TSX:YCM.PR.B, CA2007017049
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