Company: AGM-PH
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000845877-25-000204
Chunk: 204

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 204
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aturities in:  2025$9,702,818 3.99 %20265,683,172 2.80 %20273,739,710 3.41 %20283,111,646 4.06 %20292,490,082 4.31 %Thereafter4,149,812 3.07 %Total principal net of discounts$28,877,240 3.58 %During the six months ended June 30, 2025 and 2024, Farmer Mac called $1.2 billion and $0.5 billion of callable medium-term notes, respectively. Authority to Borrow from the U.S. TreasuryFarmer Mac's statutory charter authorizes it, upon satisfying certain conditions, to borrow up to $1.5 billion from the U.S. Treasury through the issuance of debt obligations to the U.S. Treasury. Any funds borrowed from the U.S. Treasury may be used solely to fulfill Farmer Mac's guarantee obligations. Any debt obligations issued by Farmer Mac under this authority would bear interest at a rate determined by the U.S. Treasury, taking into consideration the average rate on outstanding marketable obligations of the United States as of the last day of the last calendar month ending before the date of the purchase of the 

42

obligations from Farmer Mac. The charter requires Farmer Mac to repurchase any of its debt obligations held by the U.S. Treasury within a reasonable time. As of June 30, 2025, Farmer Mac had not used this borrowing authority.

8.EQUITY

Common StockDuring first and second quarter 2025, Farmer Mac paid a quarterly dividend of $1.50 per share on all classes of its common stock. For each quarter in 2024, Farmer Mac paid a quarterly dividend of $1.40 per share on all classes of its common stock.Capital RequirementsFarmer Mac is required to comply with the higher of the minimum capital requirement and the risk-based capital requirement. As of both June 30, 2025 and December 31, 2024, the minimum capital requirement was greater than the risk-based capital requirement. Farmer Mac's ability to declare and pay dividends could be restricted if it fails to comply with applicable capital requirements. As of June 30, 2025, Farmer Mac's minimum capital requirement was $959.9 million and its core capital level was $1.6 billion, which was $602.1