Merchants Bancorp Depositary Shares Each Representing a 1/40th Interest in a Share of 8.25% Fixed-Rate Reset Series D Non-Cumulative Perpetual Preferred Stock

Merchants Bancorp Depositary Shares Each Representing a 1/40th Interest in a Share of 8.25% Fixed-Rate Reset Series D Non-Cumulative Perpetual Preferred Stock is a financial instrument offered by Merchants Bancorp, a leading provider of banking products and services. This security offers a fixed rate of return and allows investors to participate in the success of the company.