secwatch.observer — SEC 8-K summary
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Issuer:     FEDERAL AGRICULTURAL MORTGAGE CORP (AGM)
CIK:        0000845877
Form:       8-K
Filed at:   2025-08-20T23:59:59+00:00
Accession:  0000845877-25-000214
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Farmer Mac prices $100M of 6.500% Series H preferred stock, net proceeds ~$97.1M
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- Priced $100M (4M shares at $25 par) of 6.500% non-cumulative perpetual Series H preferred stock.
- Net proceeds expected ~$97.1M; proceeds for general corporate purposes; closes August 25, 2025.
- Dividend rate fixed at 6.500% per year, non-cumulative; redeemable at Farmer Mac's option on/after Oct 17, 2030.
- Series H to list on NYSE under symbol "AGM PRH"; RBC Capital Markets sole book-running manager.
- Offered under Section 3(a)(2) exemption; counts as Tier 1 capital.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/845877/000084587725000214/0000845877-25-000214-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/845877/000084587725000214/agm-20250820.htm
  HTML page:      https://secwatch.observer/filing/0000845877-25-000214

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer