Merchants Bancorp 8.25 Non-Cumulative Perpetual Preferred Stock, Series D

CUSIP: 58844R884 Class: Non 13F Security

Holders for Q4 2025 Position Changes for Q4 2025

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

InstitutionSharesValue ($000)
Archer Investment Corp4,000$102
Total (1 institutions)4,000$102