Company: MBINL
Filing Date: 2025-05-15
Form Type: 8-K
Source: 0001104659-25-049413
Chunk: 2

Company: Merchants Bancorp
Filing Date: 2025-05-15
Form: 8-K
Item: Item 8.01
Chunk 2
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Item 8.01 Other Events.

On May 15, 2025, the Company issued a press release announcing
that the Company’s Board of Directors declared the following quarterly cash dividends:

  $0.10 per share on the Company’s outstanding shares of its common stock;  

  $15.00 per share (equivalent to $0.375 per depositary share) on the Company’s outstanding shares of its 6% Series C preferred  

  $20.625 per share (equivalent to $0.5156 per depositary share) on the Company’s outstanding shares of its 8.25% Series D  

  $19.06 per share (equivalent to $0.4765 per depositary share) on the Company’s outstanding shares of its 7.625% Series E  

Each of the dividends are payable on July 1, 2025 to shareholders
of record on June 13, 2025.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

  Exhibit      Description                                                                                               
      No.                                                                                                                
     99.1      Press Release dated May 15, 2025 issued by Merchants Bancorp.                                             
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      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: May 15, 2025      By:                    /s/ Terry Oznick                      
                                                 Name: Terry Oznick                    
                                                 Title: General Counsel and Secretary