June 17, 2024 -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE:AGM and AGM.PRC) has announced that it intends to provide notice to the holders of its 6.000% Fixed- to-Floating Rate Non-Cumulative Preferred Stock, Series C (the “Series C Preferred Stock”) of the redemption of all of its outstanding 3,000,000 shares of Series C Preferred Stock. Farmer Mac will redeem the 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. The redemption date will be July 18, 2024. On and after the redemption date, dividends on the Series C Preferred Stock will cease to accrue.

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Federal Agricultural Mortgage Corp. (Farmer Mac), 6.00% Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series C, liquidation preference $25 per share, redeemable at the issuer's option on or after 7/18/2024 at $25 per share plus accrued and unpaid dividends, and with no stated maturity. Fixed Non-cumulative distributions of 6.00% per annum ($1.50 per annum or $0.375 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, not more than 45 days or less than 10 days prior to the payment date (NOTE: the ex-dividend date is one business day prior to the record date). On or after 7/18/2024 non-cumulative distributions will be paid at a floating rate equal to the three month LIBOR plus 3.26%. 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. Dividends paid by this preferred security are eligible for the preferential income tax rate of 15% to a maximum of 20% depending on the holder's tax bracket (and under IRS specified holding restrictions) and are also eligible for the dividends received deduction for corporate holders. This security was not rated by Moody’s or S&P at the time of its IPO. In regard to the payment of dividends and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.

Stock Exchange	Cpn Rate Ann Amt	LiqPref CallPrice	Call Date Matur Date	Moodys/S&P Dated	Distribution Dates	15% Tax Rate
NYSE Chart	FixFloat $1.50	$25.00 $25.00	Called for 7/18/2024 None	NF NF 1/24/2023	1/17, 4/17, 7/17 & 10/17 Click for MW ExDiv Date Click for Yahoo ExDiv Date	YES

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HOME PAGE:     https://www.farmermac.com/
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Company's Email Address Links

Email Address	jnazareth@farmermac.com
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Address and Phone Numbers

Address:   1999 K Street, N.W., 4th Floor, Washington, DC 20006
Main Phone Number	202-872-7700
Fax Number	202-872-7713
Investor Relations   Jalpa Nazareth	202-872-5570
Toll Free Phone Number	800-879-3276

CEO - Bradford T. Nordholm

CFO - Aparna Ramesh