Merchants Bancorp filed SEC Form 8-K: Other Events, Financial Statements and Exhibits
United States
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Item 8.01 Other Events.
On November 20, 2024, the Company filed a Form 8-K announcing that the Company’s Board of Directors declared quarterly dividends, including a dividend of $23.56 per share (equivalent to $0.59 per depositary share) on its outstanding shares of Series B preferred stock. However, as of October 1, 2024 the Series B preferred stock’s dividend rate moved from its fixed rate period to its floating rate period and the day count method used to calculate dividends for each quarter also changed. Therefore, the Company’s Board of Directors is correcting such dividend to be $24.35 for each issued and outstanding share of Series B preferred stock (equivalent to $0.60875 per depositary share). Such dividend will remain payable on January 2, 2025 to shareholders of record on December 13, 2024. Additionally, as announced by the Company on November 26, 2024, the Series B preferred stock will still be redeemed on January 2, 2025.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
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Exhibit |
Description | |
| 104 | Cover Page Interactive Data File. The cover page XBRL tags are embedded within the inline XBRL document. | |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| MERCHANTS BANCORP | ||
| Date: December 4, 2024 | By: | /s/ Terry Oznick |
| Name: Terry Oznick | ||
| Title: General Counsel and Secretary | ||