Short answer
FEDERAL AGRICULTURAL MORTGAGE CORP (AGM) filed an 8-K current report with the SEC on May 12, 2026 reporting Item 3.02 (Unregistered Sales of Equity Securities), Item 7.01 (Regulation FD Disclosure). $100 million offering of 4,000,000 Series I preferred shares priced at 6.875%.
FEDERAL AGRICULTURAL MORTGAGE CORP 8-K event analysis
AI summary of each reported item and its exhibits
Item 3.02 · Unregistered Sales of Equity Securities
- $100 million offering of 4,000,000 Series I preferred shares priced at 6.875%
- Approximately $97 million net proceeds expected for general corporate purposes
- $25 par value and $25 liquidation preference per share
- Non-cumulative, non-convertible securities; settlement expected May 19, 2026
- Exempt Section 3(a)(2) issuance, avoiding standard Securities Act registration requirements
Item 7.01 · Regulation FD Disclosure
- Farmer Mac announced pricing of a preferred stock offering on May 12, 2026
- Preferred stock issuance may affect capital structure, financing costs, and distributions to existing shareholders
- Full pricing terms and offering details appear in Exhibit 99
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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