Merchants Bancorp Depositary Shares, Each Representing a 1/40thInterest in a Share of 7.25% Fixed Rate Series E Non-CumulativePerpetual Preferred Stock, without par value (MBINL)

• Merchants Bancorp Depositary Shares, Each Representing a 1/40thInterest in a Share of 7.25% Fixed Rate Series E Non-CumulativePerpetual Preferred Stock, without par value (MBINL) currently pays a dividend of $0.4765 per share with annual dividend yield of 8.27% and price-to-earnings ratio of -.
• Merchants Bancorp Depositary Shares, Each Representing a 1/40thInterest in a Share of 7.25% Fixed Rate Series E Non-CumulativePerpetual Preferred Stock, without par value (MBINL) pays out a dividend four times per year. Quarterly payment frequency should be carefully considered as it can affect investors’ investment strategy.
• Merchants Bancorp Depositary Shares, Each Representing a 1/40thInterest in a Share of 7.25% Fixed Rate Series E Non-CumulativePerpetual Preferred Stock, without par value (MBINL) most recent ex-dividend date occurred on September 15, 2026 with dividend payment of $0.4765 per share received on October 01, 2026. Shareholders eligible for this dividend payment owned MBINL stock before or on this ex-dividend date.

Table below shows the detailed dividend history of Merchants Bancorp Depositary Shares, Each Representing a 1/40thInterest in a Share of 7.25% Fixed Rate Series E Non-CumulativePerpetual Preferred Stock, without par value Stock (MBINL). In 2026, the first Merchants Bancorp Depositary Shares, Each Representing a 1/40thInterest in a Share of 7.25% Fixed Rate Series E Non-CumulativePerpetual Preferred Stock, without par value’s dividend date was on March 13, 2026 with a dividend of $0.4765 per share. We recommend investors to review dividend dates and payments carefully with the aim to gain insights on the company’s strategy.