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Merchants Bancorp Announces Redemption of Its Series B Preferred Stock and Declares Quarterly Preferred Dividends on Series E Preferred Shares [Yahoo! Finance]

Merchants Bancorp (MBIN) 
Last merchants bancorp earnings: 1/30 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Series B Non-Cumulative Perpetual Preferred Stock at the liquidation preference of $25.00 per share, effective January 2, 2025. (Source: 'Merchants Bancorp announces that on January 2, 2025 it will redeem all outstanding shares of its 6.00% (reset to 9.42% as of October 1, 2024) Fixed-to-Floating Rate Series B Non-Cumulative Perpetual Preferred Stock...') Merchants will redeem the Series B Preferred Stock using cash on hand, and the redemption price will not include any accrued and unpaid dividends. Dividends on the Series B Preferred Stock of $0.59 per share that were declared and announced on November 20, 2024 will be paid separately on January 2, 2025. (Source: 'Merchants will redeem the Series B Preferred Stock using cash on hand... Dividends on the Series B Preferred Stock of $0.59 per share... will be paid separately on January 2, 2025.') Merchants has notified Nasdaq of its intention to voluntarily delist the Series B Preferred Stock, and a Notification of Removal from List Show less Read more
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