Corporate ActionMay 19, 2026, 04:22 PM
Farmer Mac Completes Issuance of 4M Series I Preferred Stock
AI Summary
Federal Agricultural Mortgage Corporation (Farmer Mac) announced the completion of its issuance of 4,000,000 shares of 6.875% Non-Cumulative Preferred Stock, Series I. This exempt public offering was finalized on May 19, 2026, following an underwriting agreement dated May 12, 2026, with Morgan Stanley & Co. LLC as the representative underwriter.
Key Highlights
- Farmer Mac completed the issuance of 4,000,000 shares of Series I Preferred Stock.
- The Series I Preferred Stock has a 6.875% non-cumulative dividend rate.
- The issuance was an exempt public offering.
- The sale was made pursuant to an underwriting agreement dated May 12, 2026.
- Morgan Stanley & Co. LLC acted as the representative of the underwriters.
Price Impact
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