YCM NEW Commerce Split Corp Class A Share https://canadianpreferredshares.ca/YCM-NEW-Commerce-Split-Corp-class-a-share/


YCM NEW Commerce Split Corp Class A Share

In this page I have compiled the information which allows you to evaluate YCM NEW Commerce Split Corp Class A Share, based on the latest stock information available. Our goal is to provide you with the information and metrics related to the Class A shares of this split-corporation. Your goal is to determine if this issue meets your requirements. These tools will expedite and aid the selection process. Given all the data available here, an informed decision is within reach.

In a market with low volumes you can use this information to identify mispriced shares.

NEW Commerce Split Corp Brief Overview

Visit the NEW Commerce Split Corp company website to see the preferred share prospectus, news and other information.

Sector: Split Share
Main Features of this Spit Share Instrument:

  1. NEW Commerce Split Corp. is a corporation investing in common shares of Canadian Imperial Bank of Commerce. The corporation offers three types of shares, a Capital share (YCM), a Class I Preferred (YCM.PR.A) and a Class II Preferred (YCM.PR.B).
NOTE: THIS IS A SPLIT SHARE INSTRUMENT BY "Quadravest Capital Management Inc."

NEW Commerce Split Corp offers three type of shares,

  1. Class A Shares (YCM): (i) to provide holders of Capital Shares with dividends in an amount to be set by the Board of Directors of the Company at its discretion, based on market conditions, if and when the net asset value per Unit exceeds $15.00. (ii) to permit holders of Capital Shares to participate in all growth in the net asset value of the Company above $10.00 per Unit
  2. Preferred Shares Class I (YCM.PR.A):. (i) to provide holders of the Class I Preferred Shares with 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; and (ii) on or about the December 1, 2024 termination date (subject to further 5 year extensions thereafter), to pay the holders of the Class I Preferred Shares $5.00 per Class I Preferred Share.
  3. Preferred Shares Class II (YCM.PR.B):. (i) to provide holders of the Class II Preferred Shares with 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, if and when the net asset value per Unit exceeds $10.00; and (ii) on or about the December 1, 2024 termination date (subject to further 5 year extensions thereafter), to pay the holders of the Class II Preferred Shares $5.00 per Class II Preferred Share

The latest information and statistics on their common stock YCM, can be easily accessed using websites like TMX Money.

NEW Commerce Split Corp Credit Rating

The latest credit rating for NEW Commerce Split Corp are listed in the table below. For additional information on credit rating agencies and codes see our article Credit Rating Symbols.

S&P CorporateS&P PreferredsDBRS Long TermDBRS PreferredsS&P Global CorporateS&P Global PreferredsMoody's LongTermFitch Long TermFitch Short Term

NEW Commerce Split Corp Class A Share Metrics

Symbol: TSE:YCMPrice: $3.35Currency: CADName: NEW Commerce Split Corp :  
Dividend: $0.0500Target Yield: 9.84%Current Yield: 17.91%Dividend Pay Frequency: Monthly :  
Current NAV: $12.46NAV As Of Date: 2022-06-30NAV Threshold: $15.00Class A Only NAV: N/AClass A Issue Price: $15.00
Variable Dividend: NOutstanding Float: 896,532Total Distributions: $7.30Class A Only Distributions: N/AIssuer Name: Quadravest

YCM Net Asset Value vs Threshold over time

The graph below shows relation between the Split Share Net Asset Value and the dividend payout threshold for split shares ( YCM ) over time. Place the mouse cursor over the graph to reveal data like (date, Split Share price detail).

Keep in mind if the share price of any of these split shares fall below the threshold of $15.00, the dividend will not be paid out.

YCM Current Yield over time

The graph below shows the Current Yield of the Class A share ( YCM ) over time. Place the mouse cursor over the graph to reveal data like (date, Split Share price detail).

Keep in mind if the share price of any of these split shares fall below the threshold, the dividend will not be paid out.

YCM Class A of Split Share Stock Short Position over time

The graph below shows the short position for YCM Class A share over time. Place the mouse cursor over the graph to reveal data like (date, short position detail).

Currently the outstanding float for YCM is 896,532 and the latest short position is 908. Thus the current short position is 0.1000% of the outstanding float.