Merchants Bancorp Depositary Shs Repr 1/40th 7.25% Non-Cum Perp Red Pfd Rg Shs Series E MBINL

Although Merchants Bancorp (currently trading at $49.03 per share) has gained 10.8% over the last six months, it has trailed the S&P 500’s 16.6% return during that period. This may have investors wondering how to approach the situation.