Farmer Mac prices $100M of 6.875% Series I preferred stock, net ~$97M

FEDERAL AGRICULTURAL MORTGAGE CORP

• Offering of 4M shares at $25 par, 6.875% non-cumulative perpetual preferred, net proceeds ~$97M.
• Fixed dividend 6.875% p.a., payable when declared; redeemable at option after July 17, 2031.
• Expected to close May 19, 2026; listed on NYSE under symbol AGM PRI.
• Proceeds for general corporate purposes; Morgan Stanley sole book-runner, RBC and Wells Fargo co-managers.

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