Midland States Bancorp

Midland States Bancorp, Inc. Preferred Stock 7.75% Perpetual is a type of equity security issued by Midland States Bancorp. Serving as a preferred stock, this financial asset gives its holders seniority over common stockholders when it comes to dividend payments and asset distribution in the event of liquidation. The key feature of this preferred stock is its 7.75% dividend rate, which offers investors a fixed income stream, paid typically on a quarterly basis. As a perpetual preferred stock, it has no maturity date, allowing investors to potentially enjoy the dividend yield indefinitely, subject to the issuing company's discretion to redeem or call the stock. Midland States Bancorp operates in the banking sector, providing a range of financial services including commercial and retail banking, wealth management, and mortgage lending. The preferred stock's stability and fixed income traits contribute significantly to the company's capital structure by attracting investors seeking reliable and predictable returns, while also supporting the bank's strategic financial initiatives.