Commerce Split Corp.: Regular Monthly Dividend Declaration

Market Wire, May, 2008

Commerce Split Corp. ("Commerce Split") declares its regular monthly distribution of $0.05 for each Class A share ($0.60 annually) and $0.04375 for each Priority Equity ("Preferred") share ($0.525 annually). Distributions are payable June 10, 2008 to shareholders on record as of May 30, 2008.

Since inception (February 16, 2007) Class A shareholders have received a total of $0.60 per share and Preferred shareholders have received a total of $0.68 per share inclusive of this distribution, for a combined total of $1.28 per share.

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

Distribution Details:

Class A Share (XCM):                  $0.05

Preferred Share (XCM.PR.A)            $0.04375

Ex-Dividend Date:                     May 28, 2008

Record Date:                          May 30, 2008

Payable Date:                         June 10, 2008

Contacts: Commerce Split Corp. Investor Relations (416) 304-4443 or Toll Free: 1-877-4-Quadra (1-877-478-2372) Website: www.CommerceSplit.com