---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-123081"
form_type: "8-K"
ticker: "MBIN"
cik: "0001629019"
company_name: "Merchants Bancorp"
filed_at: "2024-11-26T23:59:59+00:00"
generated_at: "2026-05-29T17:54:17.479415+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Merchants Bancorp to redeem Series B Preferred Stock on Jan 2, 2025 at $25/share; declares initial Series E dividend

## Summary
- All outstanding Series B Preferred (MBINO) to be redeemed on Jan 2, 2025 at $25.00 per share; uses cash on hand.
- Series B preferred had rate reset to 9.42% as of Oct 1, 2024; delisting from Nasdaq expected Jan 2, 2025.
- Board declared initial quarterly dividend on Series E Preferred (MBINL) of $7.84/share ($0.196/depositary share).
- Dividend payable Jan 2, 2025 to holders of record Dec 13, 2024.
- Redemption price excludes previously declared $0.59/share dividend paid separately on Jan 2, 2025.

## SEC filing metadata
- accession: 0001104659-24-123081
- form_type: 8-K
- ticker: MBIN
- cik: 0001629019
- company_name: Merchants Bancorp
- filed_at: 2024-11-26T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1629019/000110465924123081/0001104659-24-123081-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1629019/000110465924123081/tm2429247d3_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-123081
- JSON: https://secwatch.observer/filing/0001104659-24-123081.json
- Plain text: https://secwatch.observer/filing/0001104659-24-123081.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.