New Commerce Split declares its monthly distribution of $0.03125 per share
($0.375 annually) for Class I Preferred shareholders. Distributions are payable
June 10, 2014 to shareholders on record as of May 30, 2014. The Class I
Preferred share dividends are paid at an annual rate of 7.50% based on the $5
notional issue price.


New Commerce Split invests in common shares of Canadian Imperial Bank of
Commerce, a Canadian financial institution.




Distribution Details:                                                       
Class I Preferred Share (YCM.PR.A)                                  $0.03125
Ex-Dividend Date:                                               May 28, 2014
Record Date:                                                    May 30, 2014
Payable Date:                                                  June 10, 2014



FOR FURTHER INFORMATION PLEASE CONTACT: 
New Commerce Split
Investor Relations
416-304-4443
Toll Free: 1-877-4-Quadra (1-877-478-2372)
www.CommerceSplit.com
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