TORONTO, ON — March 2, 2026 — Leads & Copy — Commerce Split Corp. has announced a share split of its Capital Shares and an increase in targeted distributions, citing strong company performance.
Capital shareholders of record as of March 6, 2026, will receive 10 additional Capital Shares for every 100 held, pending approval from the Toronto Stock Exchange (TSX).
The company also intends to increase the targeted monthly distribution on the Capital Shares to $0.075 per share ($0.90 annually), up from $0.05 per share ($0.60 annually). This represents an approximate 65% increase in total distributions to Capital shareholders, after the share split.
Based on a closing price of $8.52 per Capital Share on February 27, 2026, the new annual distribution rate corresponds to an indicative dividend yield of approximately 12.77% at the target rate, compared to approximately 7.04% at the current annual distribution rate, after giving effect to the Share Split.
Trading on an ex-split basis is expected to commence on or about March 6, 2026. No fractional Capital Shares will be issued; the number of Capital Shares each holder receives will be rounded down to the nearest whole number. The Share Split is a non-taxable event, and its impact will be reflected in the next reported net asset value per unit following the effective date.
The company invests in common shares of Canadian Imperial Bank of Commerce, a Canadian financial institution.
Source: Commerce Split Corp.
