secwatch.observer — SEC 8-K summary
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Issuer:     Merchants Bancorp (MBIN)
CIK:        0001629019
Form:       8-K
Filed at:   2024-02-28T23:59:59+00:00
Accession:  0001104659-24-028711
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Merchants Bancorp to redeem all Series A Preferred Stock at $25/share on April 1, 2024
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- Redemption of 7.00% Fixed-to-Floating Rate Series A Preferred Stock (MBINP) at $25.00 per share.
- Redemption to be funded from cash on hand; dividends previously declared will be paid separately on April 1.
- Merchants will voluntarily delist Series A Preferred Stock from Nasdaq; Form 25 to be filed.
- All necessary regulatory approvals for redemption have been obtained.
- Payment will be made by Computershare on the redemption date.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1629019/000110465924028711/0001104659-24-028711-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1629019/000110465924028711/tm247351d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-028711

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