AGM Files 8-K Detailing Stock and Preferred Stock Activity
Ticker: AGM-PH · Form: 8-K · Filed: Jun 17, 2024 · CIK: 845877
| Field | Detail |
|---|---|
| Company | Federal Agricultural Mortgage Corp (AGM-PH) |
| Form Type | 8-K |
| Filed Date | Jun 17, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $25.00 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-disclosure, stock-activity, preferred-stock
Related Tickers: AGM
TL;DR
AGM filed an 8-K on June 17, 2024, updating its stock and preferred stock series.
AI Summary
On June 17, 2024, Federal Agricultural Mortgage Corporation (AGM) filed an 8-K to report on various corporate events. The filing includes information related to its common stock (Class A and Class C), Series C, D, E, F, and G preferred stock, all of which had activity or were noted on this date. The company, a federally chartered instrumentality of the United States, operates in the finance sector.
Why It Matters
This filing provides an update on the company's capital structure, which is important for investors to understand the current status of its various stock classes and preferred stock series.
Risk Assessment
Risk Level: low — The filing is a routine corporate disclosure and does not indicate any immediate financial distress or significant operational changes.
Key Players & Entities
- FEDERAL AGRICULTURAL MORTGAGE CORPORATION (company) — Registrant
- AGM (company) — Abbreviation for Registrant
- June 17, 2024 (date) — Date of Report
- 001-14951 (other) — SEC File Number
- 52-157 (other) — IRS Number
FAQ
What is the primary purpose of this 8-K filing for Federal Agricultural Mortgage Corporation?
The primary purpose of this 8-K filing is to report on various corporate events, including disclosures related to its common stock and preferred stock series as of June 17, 2024.
What specific types of stock are mentioned in the filing?
The filing mentions activity or notes related to Common Class A Member, Common Class C Member, Series C Preferred Stock, Series D Preferred Stock, Series E Preferred Stock, Series F Preferred Stock, and Series G Preferred Stock.
When was the earliest event reported in this filing?
The earliest event reported in this filing was on June 17, 2024.
What is the SEC file number for Federal Agricultural Mortgage Corporation?
The SEC file number for Federal Agricultural Mortgage Corporation is 001-14951.
What is the business address of Federal Agricultural Mortgage Corporation?
The business address of Federal Agricultural Mortgage Corporation is 2100 PENNSYLVANIA AVE NW, SUITE 450N, WASHINGTON, DC 20037.
Filing Stats: 675 words · 3 min read · ~2 pages · Grade level 10.1 · Accepted 2024-06-17 16:34:18
Key Financial Figures
- $25.00 — eferred Stock for a redemption price of $25.00 per share, plus any declared and unpaid
Filing Documents
- agm-20240617.htm (8-K) — 36KB
- a20240617farmermac-seriesc.htm (EX-99) — 8KB
- image_0.jpg (GRAPHIC) — 231KB
- 0000845877-24-000169.txt ( ) — 556KB
- agm-20240617.xsd (EX-101.SCH) — 2KB
- agm-20240617_def.xml (EX-101.DEF) — 18KB
- agm-20240617_lab.xml (EX-101.LAB) — 32KB
- agm-20240617_pre.xml (EX-101.PRE) — 19KB
- agm-20240617_htm.xml (XML) — 8KB
01. Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure. On June 17, 2024, the Federal Agricultural Mortgage Corporation ("Farmer Mac") issued a press release to announce that it will redeem all outstanding shares of its 6.000% Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series C (the "Series C Preferred Stock"). A copy of the press release is attached to this report as Exhibit 99.1 . The information furnished in this Item 7.01, including Exhibit 99 , shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the " Exchange Act "), or otherwise subject to the liabilities of that Section, nor will any of such information or portion of the 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 June 17, 2024 Farmer Mac announced the redemption of all of its outstanding 3,000,000 shares of Series C Preferred Stock for a redemption price of $25.00 per share, plus any declared and unpaid dividends through and including the redemption date, which will be July 18, 2024.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits 99 Press Release dated June 17, 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: June 17, 2024