Farmer Mac Announces $100 Million Preferred Stock Offering
The Federal Agricultural Mortgage Corporation (Farmer Mac) announced a public offering of $100 million in Series I preferred stock with a fixed dividend rate of 6.875%. The proceeds will be used for general corporate purposes, and the shares are expected to list on the NYSE under 'AGM PRI'.
Tickers: $AGM
Topics: capital raise Farmer Mac (AGM) financial markets preferred stock