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Security Details
- Coupon Rate
- 5.25%
- Liquidation Preference
- $25.00
- Call Price
- $25.00
- Call / Redemption Date
- 10/17/2025
- Maturity Date
- None
- Distribution Period
- Q
- Rate Type
- Fixed
- Annual Distribution
- 1.3125
- Distribution Dates
- 1/17, 4/17, 7/17 & 10/17
- Credit Ratings
- Moody's NR · S&P NR (4/18/2025)
- Tax-Advantaged Dividends
- Yes
Security Profile
- CUSIP
- 313148843
- Market Cap
- Small Cap · $120 Million
- IPO
- 8/13/2020 · $25/share
- Previous Symbol
- AGMFP (changed 8/26/2020)
- Parent Company
- Federal Agricultural Mortgage Corp. (AGM)
Business: Federal Agricultural Mortgage Corp. (Farmer Mac), 5.25% Non-Cumulative Preferred Stock, Series F, liquidation preference $25 per share, redeemable at the issuer's option on any dividend payment date on or after 10/17/2025 at $25 per share plus accrued and unpaid dividends, and with no stated maturity. <p> Non-cumulative distributions of 5.25% per annum ($1.3125 per annum or $0.328125 per quarter). will be paid quarterly on 1/17, 4/17, 7/17 & 10/17 to holders of record on the record date fixed by the board (NOTE: the ex-dividend date is one business day prior to the record date). The dividends are non-cumulative and if the board of directors does not declare a dividend or the company fails to pay a dividend declared by the board for any quarterly dividend period, the holder will not be entitled to receive any dividend for that quarterly period and the undeclared or unpaid dividend will not accumulate. <p> This security was not rated by Moody’s or S&P at the time of its IPO.
Notes: The offering is being made pursuant to an exemption from registration under the Securities Act of 1933, as amended, and is being made solely by means of an offering circular. You may obtain a copy of the offering circular by contacting Morgan Stanley & Co. LLC, 180 Varick Street, New York, New York 10014, Attention: Prospectus Department, or by phone at 1-866-718-1649 or email prospectus@morganstanley.com. <p> The 5.25% Series F preferred shares were issued on 8/13/2020 and started trading temporarily on the Other OTC market 8/13/2020 under the ticker symbol AGMFP until they start trading on the NYSE. The shares are expected to start trading on the NYSE within 30 days of their issue date under their permanent ticker symbol of AGM-F. For information on securities trading on the Other OTC, see our discussion on this subject on our What Income Investors Should Know page which can be found on our Information menu at the top of any page.
Company Contact
- CEO
- Bradford T. Nordholm
- CFO
- Aparna Ramesh
- Headquarters
- 1999 K Street, N.W., 4th Floor, Washington, DC 20006
- Phone
- 202-872-7700 · Toll-Free 800-879-3276
- Fax
- 202-872-7713
- Investor Relations
- Jalpa Nazareth · 202-872-5570 · jnazareth@farmermac.com