Farmer Mac issues 4M shares of 6.500% Series H preferred

Federal Agricultural Mortgage Corporation, known as Farmer Mac, completed the issuance of 4,000,000 shares of its 6.500% Non-Cumulative Preferred Stock, Series H, on August 25, 2025.

Rhea-AI Filing Summary

Federal Agricultural Mortgage Corporation, known as Farmer Mac, completed the issuance of 4,000,000 shares of its 6.500% Non-Cumulative Preferred Stock, Series H, on August 25, 2025. This new preferred stock was sold in an exempt public offering conducted under an offering circular, following the terms of an underwriting agreement dated August 20, 2025, with RBC Capital Markets, LLC. The new Series H joins Farmer Mac’s existing preferred stock series already listed on the New York Stock Exchange.

Insights

Bank and preferred securities analyst

Farmer Mac adds a new 6.500% Series H preferred layer.

Farmer Mac has issued 4,000,000 shares of 6.500% Non-Cumulative Preferred Stock, Series H, through an exempt public offering. Preferred stock is a form of equity that typically pays a fixed dividend rate, here 6.500%, and ranks ahead of common stock in dividends and liquidation priority.

The transaction was executed under an underwriting agreement with RBC Capital Markets, LLC, dated August 20, 2025, indicating a traditional underwritten capital markets deal. The filing does not detail pricing, total proceeds, or specific uses of the capital, so the financial impact cannot be quantified from this excerpt alone.

Future company filings may elaborate on dividend obligations tied to the 6.500% rate, any call features, and how this preferred layer fits alongside existing Series D, E, F, and G preferred shares already listed on the New York Stock Exchange.

8-K Event Classification

2 items: 8.01, 9.01

2 items

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Federal Agricultural Mortgage Corporation (AGM) announce in this 8-K?

Farmer Mac reported that on August 25, 2025, it completed the issuance of 4,000,000 shares of 6.500% Non-Cumulative Preferred Stock, Series H, in an exempt public offering conducted under an offering circular.

What type of security is Farmer Macs new Series H preferred stock?

The new security is 6.500% Non-Cumulative Preferred Stock, Series H. It is a preferred equity instrument paying a stated 6.500% rate, with dividends that are non-cumulative.

How many Series H preferred shares did AGM issue?

Farmer Mac issued 4,000,000 shares of its 6.500% Non-Cumulative Preferred Stock, Series H, as disclosed in the 8-K.

How was the AGM Series H preferred stock offering structured?

The Series H preferred stock was sold in an exempt public offering pursuant to an offering circular, under the terms of an underwriting agreement between Farmer Mac and RBC Capital Markets, LLC dated August 20, 2025.

Who acted as underwriter for Farmer Macs Series H preferred stock issuance?

RBC Capital Markets, LLC served as the underwriter, pursuant to an underwriting agreement dated August 20, 2025, for the sale of the Series H preferred stock.

What other classes of stock does Federal Agricultural Mortgage Corporation have listed?

Farmer Mac lists Class A voting common stock (AGM.A), Class C non-voting common stock (AGM), and several non-cumulative preferred series (D, E, F, and G) on the New York Stock Exchange.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 08/25/2025 - 04:38 PM Learn about SEC filing dates

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

________________

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): August 25, 2025

FEDERAL AGRICULTURAL MORTGAGE CORPORATION

(Exact name of registrant as specified in its charter)

Federally chartered instrumentality of the United States

001-14951

52-1578738

(State or Other Jurisdiction of Incorporation)

(Commission File Number)

(IRS Employer Identification No.)

2100 Pennsylvania Ave., NW, Suite 450 N

20037

Washington,

DC

(Address of Principal Executive Offices)

(Zip Code)

Registrant’s telephone number, including area code (202) 872-7700

No change

(Former name or former address, if changed since last report) 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading symbol

Exchange on which registered

Class A voting common stock

AGM.A

New York Stock Exchange

Class C non-voting common stock

AGM

New York Stock Exchange

5.700% Non-Cumulative Preferred Stock, Series D

AGM.PRD

New York Stock Exchange

5.750% Non-Cumulative Preferred Stock, Series E

AGM.PRE

New York Stock Exchange

5.250% Non-Cumulative Preferred Stock, Series F

AGM.PRF

New York Stock Exchange

4.875% Non-Cumulative Preferred Stock, Series G

AGM.PRG

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01 Other Events.

On August 25, 2025, the Federal Agricultural Mortgage Corporation (“Farmer Mac”) completed the issuance of 4,000,000 shares of 6.500% Non-Cumulative Preferred Stock, Series H (the “Series H Preferred Stock”), in an exempt public offering pursuant to an offering circular, as previously disclosed. The sale of the Series H Preferred Stock was made pursuant to the terms of an underwriting agreement, dated August 20, 2025, between Farmer Mac and RBC Capital Markets, LLC.

Item 9.01.        Financial Statements and Exhibits.

(d)    Exhibits

    

104 Cover Page Inline Interactive Data File - the cover page interactive data file does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

FEDERAL AGRICULTURAL MORTGAGE CORPORATION                    

                        By: /s/ Stephen P. Mullery            

                         Name: Stephen P. Mullery

                         Title: Executive Vice President – General Counsel

Dated:August 25, 2025