Item 8.01 Other Events.
On November 18, 2020, the Company issued a press release announcing that the
Company's Board of Directors declared quarterly cash dividends of $0.08 per
share on the Company's outstanding shares of common stock, $0.4375 per share on
the Company's 7.00% Fixed-to-Floating Rate Series A Non-Cumulative Perpetual
Preferred Stock ("Series A Preferred Stock"), and $15.00 per share (equivalent
to $0.375 per depositary share) on the Company's 6% Fixed-to-Floating Rate
Series B Non-Cumulative Perpetual Preferred Stock ("Series B Preferred Stock").
For each of the common stock, Series A Preferred Stock, and Series B Preferred
Stock, the dividends are payable on January 4, 2021 to shareholders of record on
December 15, 2020. The press release has been attached as Exhibit 99.1 to this
Current Report on Form 8-K.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit
No. Description
99.1 Press Release dated November 18, 2020 issued by Merchants Bancorp
104 Cover Page Interactive Data File. The cover page XBRL tags are embedded
within the inline XBRL document (contained in Exhibit 101).
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