---
schema_version: "secwatch.filing_event.v1"
accession: "0000845877-26-000096"
form_type: "8-K"
ticker: "AGM"
cik: "0000845877"
company_name: "FEDERAL AGRICULTURAL MORTGAGE CORP"
filed_at: "2026-05-12T21:27:29+00:00"
generated_at: "2026-05-12T21:28:34.317976+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000845877-26-000096
- form_type: 8-K
- ticker: AGM
- cik: 0000845877
- company_name: FEDERAL AGRICULTURAL MORTGAGE CORP
- filed_at: 2026-05-12T21:27:29+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/845877/000084587726000096/0000845877-26-000096-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/845877/000084587726000096/agm-20260512.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000845877-26-000096
- JSON: https://secwatch.observer/filing/0000845877-26-000096.json
- Plain text: https://secwatch.observer/filing/0000845877-26-000096.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.