Company: AGM-PH
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000845877-25-000033
Chunk: 135

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-02-21
Form: 10-K
Item: Item 1
Chunk 135
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 ranks junior to the Outstanding Preferred Stock.  

The Series D Preferred Stock, Series E Preferred Stock, Series F Preferred Stock, and Series G Preferred Stock rank equally with each other and will rank equally with any other class or series of stock Farmer Mac may issue in the future of equal priority as to dividends and upon liquidation. Farmer Mac has the right, but not the obligation, to redeem some or all of the issued and outstanding shares of Series D Preferred Stock on and after July 17, 2024, the Series E Preferred Stock on and after July 17, 2025, the Series F Preferred Stock on and after October 17, 2025, and the Series G Preferred Stock on and any time after July 17, 2026, all at a price equal to the then-applicable liquidation preference. Any redemption date for the Series D, Series E, Series F, or Series G Preferred Stock must be a scheduled quarterly dividend payment date. The Outstanding Preferred Stock is considered Tier 1 capital for Farmer Mac. For more information on Farmer Mac's capital requirements, see "Business—Government Regulation of Farmer Mac—Capital Standards." 

The following table presents the dividends declared and paid on Series C Preferred Stock during and after 2024:

DateDividendDeclaredPerShareAmountForPeriodBeginningForPeriodEndingDatePaidFebruary 21, 2024$0.3750January 18, 2024April 17, 2024April 17, 2024May 15, 2024$0.3750April 18, 2024July 17, 2024July 17, 2024

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The following table presents the dividends declared and paid on Series D Preferred Stock during and after 2024:DateDividendDeclaredPerShareAmountForPeriodBeginningForPeriodEndingDatePaidFebruary 21, 2024$0.35625January 18, 2024April 17, 2024April 17, 2024May 15, 2024$0.35625April 18, 2024July 17, 2024July 17, 2024August 7, 2024$0.35625July 18, 2024October 17, 2024October 17, 2024November 6, 2024$0.35625October 18, 2024January 17, 2025January 17, 2025February 20,