CFC to redeem $350M of 5.25% Subordinated Notes due 2046 on April 20, 2026 at par

NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP /DC/

CFC will redeem all $350M principal of its 5.25% Fixed-to-Floating Rate Subordinated Notes due 2046 (CUSIP 637432NK7).
Redemption date is April 20, 2026; notes will be redeemed at par plus accrued interest.
Redemption funded with cash on hand; purpose is to reduce interest expense.
The 2046 notes trade under symbol NRUC on NYSE; the 2026 collateral trust bonds trade as NRUC 26.

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