FARM CREDIT ANNOUNCES 8-K FILING
Ticker: AGM-PH · Form: 8-K · Filed: Jul 18, 2024 · CIK: 845877
| Field | Detail |
|---|---|
| Company | Federal Agricultural Mortgage Corp (AGM-PH) |
| Form Type | 8-K |
| Filed Date | Jul 18, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.006116 |
| Sentiment | neutral |
Sentiment: neutral
Topics: disclosure, financials, equity
TL;DR
FARM CREDIT FILED AN 8-K ON 7/16/24 COVERING STOCK AND PREFERRED STOCK DETAILS.
AI Summary
On July 16, 2024, FEDERAL AGRICULTURAL MORTGAGE CORP filed an 8-K report detailing other events and financial statements. The filing includes information related to its common stock and various series of preferred stock, specifically Series C, D, E, F, and G.
Why It Matters
This filing provides updates on the company's financial structure and equity, which can impact investor understanding of its capital composition.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of corporate events and financial information, not indicating immediate operational or financial distress.
Key Players & Entities
- FEDERAL AGRICULTURAL MORTGAGE CORP (company) — Registrant
- July 16, 2024 (date) — Earliest event reported
- Series C Preferred Stock (security) — Financial instrument mentioned
- Series D Preferred Stock (security) — Financial instrument mentioned
- Series E Preferred Stock (security) — Financial instrument mentioned
- Series F Preferred Stock (security) — Financial instrument mentioned
- Series G Preferred Stock (security) — Financial instrument mentioned
FAQ
What specific 'Other Events' are detailed in the July 16, 2024 8-K filing for FEDERAL AGRICULTURAL MORTGAGE CORP?
The filing indicates 'Other Events' and 'Financial Statements and Exhibits' as item information, but the specific details of the 'Other Events' are not provided in the provided text.
What is the significance of the mention of various preferred stock series (C, D, E, F, G) in the filing?
The mention of these preferred stock series indicates that the company has different classes of preferred equity outstanding, which is relevant for understanding its capital structure and potential dividend obligations.
What is the filing date and the date of the earliest event reported for this 8-K?
The filing date is July 18, 2024, and the date of the earliest event reported is July 16, 2024.
What is the primary business of FEDERAL AGRICULTURAL MORTGAGE CORP?
FEDERAL AGRICULTURAL MORTGAGE CORP is described as a 'Federally chartered instrumentality of the United States' and its Standard Industrial Classification is 'FEDERAL & FEDERALLY-SPONSORED CREDIT AGENCIES'.
What is the SEC file number and CIK for FEDERAL AGRICULTURAL MORTGAGE CORP?
The SEC file number is 001-14951 and the Central Index Key (CIK) is 0000845877.
Filing Stats: 578 words · 2 min read · ~2 pages · Grade level 10.3 · Accepted 2024-07-18 16:19:27
Key Financial Figures
- $0.006116 — (" Farmer Mac ") declared a dividend of $0.006116 per share on Farmer Mac's 6.000% Fixed-
Filing Documents
- agm-20240716.htm (8-K) — 35KB
- 0000845877-24-000191.txt ( ) — 225KB
- agm-20240716.xsd (EX-101.SCH) — 2KB
- agm-20240716_def.xml (EX-101.DEF) — 18KB
- agm-20240716_lab.xml (EX-101.LAB) — 32KB
- agm-20240716_pre.xml (EX-101.PRE) — 19KB
- agm-20240716_htm.xml (XML) — 8KB
01 Other Events
Item 8.01 Other Events. On July 16, 2024, the Board of Directors of the Federal Agricultural Mortgage Corporation (" Farmer Mac ") declared a dividend of $0.006116 per share on Farmer Mac's 6.000% Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series C (the " Series C Preferred Stock ") for the period from but not including July 17, 2024, to and including July 18, 2024. On July 18, 2024, Farmer Mac completed the previously announced redemption of all of its outstanding 3,000,000 shares of the Series C Preferred Stock . Information about the redemption was previously disclosed in Farmer Mac's Current Report on Form 8-K filed on June 17, 2024.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits 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: July 18, 2024