Our site runs on donations to keep it running for free. Please consider donating if you enjoy your experience here!

Merchants Bancorp 7.625% Fixed-Rate Series E Non-Cumulative Perpetual Preferred Stock

May only be redeemed on a dividend payment date

Ticker: MBINL

Parent Ticker: MBIN

OTC Grey Market Temporary Ticker:

Issuance Date: 11/18/2024

1st Call Date: 01/01/2030

Maturity Date: None

Shares Issued: 9,200,000

Overallotment Shares: 0

Coupon: 7.625%

Face Value: $25.00

Cumulative: No

Qualified: Yes

Quarterly Dividend Amount: 0.461

Payment Months: JAN, APR, JUL, OCT

Payment Day: 1

S&P Rating: NR

III Rating (In Regards to Dividend Safety Only): C

Moody Rating: Ba3

Fitch Rating: NR

Egan-Jones Rating: NR