Merchants Bancorp 7.625 Non-Cumulative Perpetual Preferred Stock, Series E

CUSIP: 58844R850 Class: Preferred

Holders for Q4 2025 Position Changes for Q4 2025

Note: Option positions (PUT/CALL) are excluded.

InstitutionSharesValue ($000)
Archer Investment Corp400$9
Total (1 institutions)400$9