Merchants Bancorp Depositary Shares 6.00 Fixed Rate Series C NonCumulative Perpetual Preferred Stock's MBINN is an exchange-traded preferred stock in the State Commercial Banks sector. At a recent price of $20.07, MBINN yields 7.47% on its $25 liquidation preference and 6% coupon. It trades at a discount of 19.7% to par. The issue is non-cumulative, perpetual (no stated maturity), callable on or after 2026-04-01. Distributions are paid quarterly. Figures are derived from market data and SEC filings; confirm details in the prospectus before investing.