Business
Farmer Mac Prices $100 Million of Series H Preferred Stock
The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A) today announced that it has agreed to issue $100 million of Tier 1 capital through the public offering of 6.500% non-cumulative perpetual Series H preferred stock, par value $25.00 per share. The preferred stock offering is expected to close on August 25, 2025, subject to customary closing conditions. Farmer Mac expects to list the new series of preferred stock on the New York Stock Exchange under the symbol "AGM PRH
About this update from Federal Agricultural Mortgage Corporation
[{"type":"text","content":"WASHINGTON, Aug. 20, 2025 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A) today announced that it has agreed to issue $100 million of Tier 1 capital through the public offering of 6.500% non-cumulative perpetual Series H preferred stock, par value $25.00 per share. The preferred stock offering is expected to close on August 25, 2025, subject to customary closing conditions. Farmer Mac expects to list the new series of preferred stock on the New York Stock Exchange under the symbol "AGM PRH."","length":559,"tagName":"p"},{"type":"image","alt":"Farmer Mac Logo: Accelerating Rural Opportunities (PRNewsfoto/Farmer Mac)","displaySize":"","headline":null,"caption":"Farmer Mac Logo: Accelerating Rural Opportunities (PRNewsfoto/Farmer Mac)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":95,"url":"https://media.zenfs.com/en/prnewswire.com/e1f5aca06d24353c67fc1838dbe5ac16"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/drXE7SBsvkcvSAuMIZ0y4A--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTE2NztjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/e1f5aca06d24353c67fc1838dbe5ac16","width":400,"height":95}},"href":"https://mma.prnewswire.com/media/2377399/Farmer_Mac_Logo___Tagline_Full_Color_JPG_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The dividend rate on the new Series H preferred stock will remain at a non-cumulative, fixed rate of 6.500% per year, when, as, and if a dividend is declared by the Board of Directors of Farmer Mac, for so long as the Series H preferred stock remains outstanding. The Series H preferred stock will have no maturity date, but Farmer Mac will have the option to redeem the preferred stock on any dividend payment date on and after October 17, 2030. RBC Capital Markets, LLC served as the Sole Book-Running Manager for this transaction.","length":533,"tagName":"p"},{"type":"text","content":"The offering is being made pursuant to an exemption from registration under the Securities Act of 1933, as amended, and is being made solely by means of an offering circular. You may obtain a copy of the offering circular by contacting RBC Capital Markets, LLC, Brookfield Place, 200 Vesey Street, 8th Floor, New York, NY 10281, toll-free: 1-866-375-6829 or email: [email protected].","l...