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Slideshow Preferred Stock Offerings

By Preferred Stock Channel Staff, updated Tuesday, November 24, 12:52 AM

Slide #61. Merchants Bancorp Preferred Stock Offering

Company: Merchants Bancorp (NASDAQ:MBIN)
Date announced: 3/21/2019
Shares Offered: 2,000,000
Date of Pricing: 3/21/2019
Price Per Share: $25.00
Preferred Stock Offering Details: Merchants Bancorp ( "Merchants") (Nasdaq: MBIN), parent company of Merchants Bank of Indiana ("Merchants Bank"), announced the pricing of an underwritten public offering of 2,000,000 shares of its 7.00 % Fixed-to-Floating Rate Series A Non-Cumulative Perpetual Preferred Stock, (the "Series A preferred stock"), with a liquidation preference of $25.00 per share. Merchants has granted the underwriters a 30-day option to purchase 300,000 additional shares of the Series A preferred stock.

Merchants Bancorp is a bank holding company. Co. operates several lines of business, including multi-family housing and servicing, mortgage warehouse financing, retail and correspondent residential mortgage banking, agricultural lending and traditional community banking. Co.'s business segments are defined as multi-family mortgage banking, mortgage warehousing, and banking. Co.'s banking segment includes retail banking, commercial lending, agricultural lending, and retail and correspondent residential mortgage banking, and Small Business Administration lending.
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Name:  Merchants Bancorp (Indiana)
Sector:  Credit Services & Lending
Number of ETFs Holding MBIN:  22 (see which ones)
Total Market Value Held by ETFs:  $31,809,160
Total Market Capitalization:  $780,000,000
% of Market Cap. Held by ETFs:  4.08%

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