New Commerce Split Corp

New Commerce Split Corp is a CA-based company operating in industry. The company is headquartered in Toronto, Ontario. The company went IPO on 2010-03-26. New Commerce Split Corp. is a Canada-based company that invests in common shares of Canadian Imperial Bank of Commerce. The company offers three types of shares, a Capital share (YCM), a Class I Preferred (YCM.PR.A) and a Class II Preferred (YCM.PR.B). Capital shares (YCM) will participate in any net asset value growth over $10.00 per unit and dividends will be reinstated when the net asset value per unit exceeds $15.00. Each Class I Preferred share (YCM.PR.A) pays fixed cumulative preferential monthly cash dividends in the amount of $0.025 per Class I Preferred share to yield 6.00% per annum on the Class I Preferred share repayment amount of $5.00. Each Class II Preferred share (YCM.PR.B) pays fixed cumulative preferential monthly cash dividends in the amount of $0.03125 per Class II Preferred share to yield 7.50% per annum on the Class II Preferred share repayment amount of $5.00, when the net asset value per unit exceeds $10.00. Quadravest Capital Management Inc. is the investment manager.