AGM Files 8-K with Corporate and Financial Updates

TL;DR

AGM dropped an 8-K on 5/15 detailing stock and preferred share info.

AI Summary

Federal Agricultural Mortgage Corporation (AGM) filed an 8-K on May 15, 2024, reporting on various corporate events and financial statements. The filing includes information related to its common stock (Class A and C) and preferred stock series (C, D, E, F, and G).

Why It Matters

This filing provides essential updates on the company's capital structure and financial reporting, which are crucial for investors to assess the company's current standing.

Risk Assessment

Risk Level: low — The filing is a routine corporate disclosure and does not appear to contain any immediate negative news or significant changes.

Key Players & Entities

• FEDERAL AGRICULTURAL MORTGAGE CORPORATION (company) — Registrant
• May 15, 2024 (date) — Date of earliest event reported
• 001-14951 (other) — SEC File Number
• 52-1578738 (other) — IRS Number

FAQ

Key Financial Figures

• $1.40 — Common Stock. The quarterly dividend of $1.40 per share of common stock will be payab
• $0.375 — red Stock "). The quarterly dividend of $0.375 per share of Series C Preferred Stock,
• $0.35625 — per share of Series C Preferred Stock, $0.35625 per share of Series D Preferred Stock,
• $0.359375 — per share of Series D Preferred Stock, $0.359375 per share of Series E Preferred Stock,
• $0.328125 — per share of Series E Preferred Stock, $0.328125 per share of Series F Preferred Stock,
• $0.3046875 — share of Series F Preferred Stock, and $0.3046875 per share of Series G Preferred Stock i
• $25.00 — par value and liquidation preference of $25.00 per share. Information about the divi

Filing Documents

• agm-20240515.htm (8-K) — 42KB
• a20240515dividendsoncommon.htm (EX-99) — 6KB
• image_0.jpg (GRAPHIC) — 418KB
• 0000845877-24-000146.txt ( ) — 792KB
• agm-20240515.xsd (EX-101.SCH) — 2KB
• agm-20240515_def.xml (EX-101.DEF) — 18KB
• agm-20240515_lab.xml (EX-101.LAB) — 32KB
• agm-20240515_pre.xml (EX-101.PRE) — 19KB
• agm-20240515_htm.xml (XML) — 8KB

01. Regulation FD Disclosure

Item 7.01. Regulation FD Disclosure. On May 15, 2024, the Federal Agricultural Mortgage Corporation (" Farmer Mac ") issued a press release to announce that it intends to provide notice to redeem all outstanding shares of its 6.00% Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series C (" Series C Preferred Stock "). A copy of the press release is attached to this report as Exhibit 99 . The information furnished in this Item 7.01, including information related to the intended redemption of the Series C Preferred Stock included in Exhibit 99 , shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (" Exchange Act "), or otherwise subject to the liabilities of that Section, nor will any of such information or Exhibit be deemed incorporated by reference into any filing under the Exchange Act or the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.

01 Other Events

Item 8.01 Other Events. On May 15, 2024, the Board of Directors (" Board ") of Farmer Mac declared a quarterly dividend on each of Farmer Mac's three classes of common stock – Class A Voting Common Stock, Class B Voting Common Stock, and Class C Non-Voting Common Stock. The quarterly dividend of $1.40 per share of common stock will be payable on June 28, 2024, to holders of record of Farmer Mac's common stock as of June 14, 2024. Also on May 15, 2024, the Board declared a dividend on each of Farmer Mac's five classes of preferred stock – Series C Preferred Stock, 5.700% Non-Cumulative Preferred Stock, Series D (" Series D Preferred Stock "), 5.750% Non-Cumulative Preferred Stock, Series E (" Series E Preferred Stock "), 5.250% Non-Cumulative Preferred Stock, Series F (" Series F Preferred Stock "), and 4.875% Non-Cumulative Preferred Stock, Series G (" Series G Preferred Stock "). The quarterly dividend of $0.375 per share of Series C Preferred Stock, $0.35625 per share of Series D Preferred Stock, $0.359375 per share of Series E Preferred Stock, $0.328125 per share of Series F Preferred Stock, and $0.3046875 per share of Series G Preferred Stock is for the period from but not including April 17, 2024, to and including July 17, 2024. The dividend on each of the Series C Preferred Stock, Series D Preferred Stock, Series E Preferred Stock, Series F Preferred Stock, and Series G Preferred Stock will be payable on July 17, 2024, to holders of record of those classes of preferred stock, respectively, as of July 2, 2024. Each share of Series C Preferred Stock, Series D Preferred Stock, Series E Preferred Stock, Series F Preferred Stock, and Series G Preferred Stock has a par value and liquidation preference of $25.00 per share. Information about the dividends declared by the Board on May 15, 2024, is also included in the press release attached to this report as Exhibit 99, and the information related to the dividends is incorporated by reference into this report. Al

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits 99 Press Release dated May 15, 2024. 104 Cover Page Inline Interactive Data File - the cover page interactive data file does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. FEDERAL AGRICULTURAL MORTGAGE CORPORATION By: /s/ Stephen P. Mullery Name: Stephen P. Mullery Title: Executive Vice President – General Counsel Dated: May 15, 2024

View Full Filing

View this 8-K filing on SEC EDGAR