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Merchants Bancorp 8.25% Fixed Rate Reset Series D Non Cumulative Perpetal Preferred Stock

Coupon is fixed until 10/1/2027 at 8.25% after which it is reset at the 5 year treasury plus a fixed spread of 4.34%. The coupon will be reset every 5 years

May only be redeemed on a dividend payment date





MBINM
MBIN
NA
09/22/2022
10/01/2027
None
5,200,000
0
8.25%
$25.00
No
Yes
0.5156
JAN, APR, JUL, OCT
1
NR
C
Ba3
NR
NR