Press Release:

NEW

TSX SYMBOLS: YCM.PR.A

SUBJECT: DIV

NEW COMMERCE SPLIT Monthly Dividend Declared for Cl ass I Preferred Share (YCM.PR.A) TORONTO, ONTARIO - January 20, 2014 / Marketwire: New Commerce Split declares its monthly distribution of $0.03125 per share ($0.375 annually) for Class I Preferred shareholders. Distributions are payable February 10, 2014 to shareholders on record as of January 31, 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: January 29, 2014
Record Date: January 31, 2014
Payable Date: February 10, 2014
For further information please contact Investor Relations at 416-304-4443, toll free at 1-877-4-Quadra
(1-877-478-2372), or visit www.CommerceSplit.com.

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