Item 5.07 Submission of Matters to a Vote of Security Holders.

Merchants Bancorp (the "Company") held its Annual Meeting of Shareholders on May 18, 2023. Matters voted upon by holders of the Company's common stock were:


 (1) election of eleven (11) directors to the Company's Board of Directors;

(2) a non-binding, advisory vote on the compensation of the Company's named


     executive officers;

(3) a non-binding, advisory vote on the frequency of future voting on the

compensation of the Company's named executive officers; and

(4) ratification of the appointment of BKD, LLP as the independent registered

public accounting firm of the Company for the fiscal year ending December 31,


     2023.

The final number of votes cast for, against, or withheld, as well as the number of abstentions and broker non-votes, for each matter are detailed below.

1. Election of eleven (11) members to the Company's Board of Directors to serve

until the Company's 2024 annual meeting of shareholders and until his or her

successor has been duly elected and qualified, or until his or her earlier


    resignation, removal, or death:




Director Nominee          For           Withheld        Broker Non-Votes
Michael F. Petrie       37,570,938        490,700            1,935,412
Randall D. Rogers       37,314,943        746,695            1,935,412
Tamika D. Catchings     34,864,654       3,196,984           1,935,412
Thomas W. Dinwiddie     37,395,321        666,317            1,935,412
Michael J. Dunlap       37,586,757        474,881            1,935,412
Scott A. Evans          37,576,289        485,349            1,935,412
Sue Anne Gilroy         34,849,596       3,212,042           1,935,412
Andrew A. Juster        34,869,340       3,192,298           1,935,412
Patrick D. O'Brien      34,882,458       3,179,180           1,935,412
Anne E. Sellers         34,246,328       3,815,310           1,935,412
Davie N. Shane          34,871,809       3,189,829           1,935,412

2. A non-binding, advisory vote on the compensation of the Company's named


    executive officers.




    For            Against        Abstentions       Broker Non-Votes
  32,129,298       5,906,092          26,248             1,935,412

3. A non-binding, advisory vote on the frequency of future voting on the

compensation of the Company's named executive officers.






  Every Year         Every Two Years       Every Three Years        Abstentions        Broker Non-Votes
   37,364,560               4,787                 650,392               41,898              1,935,412

4. Ratification of the appointment of BKD, LLP as the independent registered


    public accounting firm of the Company for the fiscal year ending December 31,
    2023.




   For         Against       Abstentions      Broker Non-Votes
39,913,210       70,929          12,911             N/A


Item 8.01 Other Events.

On May 18, 2023, the Company issued a press release announcing that the Company's Board of Directors declared the following quarterly cash dividends:

· $0.08 per share on the Company's outstanding shares of its common stock;

· $0.4375 per share on the Company's outstanding shares of its 7% Series A


   preferred stock;

· $15.00 per share (equivalent to $0.375 per depositary share) on the Company's

outstanding shares of its 6% Series B preferred stock;

· $15.00 per share (equivalent to $0.375 per depositary share) on the Company's

outstanding shares of its 6% Series C preferred stock; and

· $20.625 per share (equivalent to $0.5156 per depositary share) on the Company's


   outstanding shares of its 8.25% Series D preferred stock.

Each of the dividends are payable on July 3, 2023 to shareholders of record on June 15, 2023.

Item 9.01. Financial Statements and Exhibits.





(d) Exhibits.



Exhibit
  No.      Description

  99.1       Press Release dated May 18, 2023 issued by Merchants Bancorp.
104        Cover Page Interactive Data File. The cover page XBRL tags are embedded
           within the inline XBRL document.

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