MainStreet Bancshares, Inc. 8-K

What Happened MainStreet Bancshares, Inc. announced that its Board declared a quarterly cash dividend on the company’s 7.50% Series A Fixed-Rate Non‑Cumulative Perpetual Preferred Stock. The dividend equals approximately $0.47 per Depositary Share (each Depositary Share represents a 1/40th interest in a share of Series A Preferred) or $18.75 per share of Series A Preferred, payable March 30, 2026 to holders of record as of the close of business on March 13, 2026.

Key Details

• The Company issued an aggregate of 1,150,000 depositary shares in Sept. 2020; each Depositary Share represents 1/40th of a Series A Preferred share.
• Liquidation preference is $1,000 per share of Series A Preferred (equivalent to $25 per Depositary Share), totaling $28,750,000 aggregate liquidation preference.
• Declared dividend: ≈ $0.47 per Depositary Share (≈ $18.75 per Series A Preferred share); payable March 30, 2026; record date March 13, 2026.
• Future dividends on the Series A Preferred/Depositary Shares, when declared, are payable quarterly in arrears on March 30, June 30, September 30 and December 30. Depositary Shares trade on Nasdaq under the symbol MNSBP.

Why It Matters This notice confirms a scheduled cash return to holders of the Series A Preferred / Depositary Shares and provides short‑term income for those investors. Because the Series A is non‑cumulative, unpaid dividends (if any) are not accrued for future payment — dividends are only paid when declared by the Board. Investors in MNSBP should note the payment and record dates and that future dividends remain subject to Board declaration.