Commerce Split Corp. Announces Capital Share Split and Increased Distributions

Core Viewpoint - Commerce Split Corp. is planning a share split of its Capital Shares and an increase in targeted distributions, reflecting strong company performance [1] Share Split Details - Capital shareholders of record on March 6, 2026, will receive 10 additional Capital Shares for every 100 held, pending approval from the Toronto Stock Exchange [2] - The share split is a non-taxable event and will not result in fractional Capital Shares being issued [5] Distribution Increase - The targeted monthly distribution on Capital Shares will increase from $0.05 per share ($0.60 annually) to $0.075 per share ($0.90 annually), representing a 65% increase in total distributions [3] - After the share split, the new annual distribution rate will yield approximately 12.77%, compared to the current yield of about 7.04% [4] Trading Information - Capital Shares are expected to begin trading on an ex-split basis on or about March 6, 2026 [5] - The impact of the share split will be reflected in the next reported net asset value per unit following the effective date [5] Investment Focus - The Company invests in common shares of Canadian Imperial Bank of Commerce, a Canadian financial institution [6]