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Federal Agricultural Mortgage Corp (NYSE:AGM) announced Monday that it has completed the issuance of 4,000,000 shares of its 6.500% Non-Cumulative Preferred Stock, Series H. The offering was conducted as an exempt public offering and followed the terms outlined in an underwriting agreement with RBC Capital Markets, LLC, dated August 20.
The Series H Preferred Stock sale was carried out pursuant to an offering circular, as previously disclosed by the company. Details regarding the pricing or proceeds of the offering were not included in the announcement.
Federal Agricultural Mortgage Corp , also known as Farmer Mac, is a federally chartered instrumentality of the United States. The company’s common and preferred shares are listed on the New York Stock Exchange under several tickers, including AGM, AGM.A, AGM.PRD, AGM.PRE, AGM.PRF, and AGM.PRG.
This information is based on a press release statement included in the company’s filing with the Securities and Exchange Commission.
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