Federal Agricultural Mortgage Corp | 5.700% NON-CUMULATIVE PREFERRED STOCK, SERIES D (AGM.PRD)
Prospectus excerpt: The class of preferred stock of Farmer Mac created hereby (the ÙPreferred Stockˆ) shall be designated Ù5.700% Non-Cumulative Preferred Stock, Series D,ˆ shall have a par value of $25.00 per share and a liquidation preference of $25.00 per share and shall consist of 4,000,000 shares. The Board of Directors, or a duly authorized committee thereof, shall be permitted to increase the authorized number of such shares at any time and from time to time. The Preferred Stock shall rank senior to the Class A Voting Common Stock, Class B Voting Common Stock, and Class C Non-Voting Common Stock of Farmer Mac (collectively, the ÙCommon Stockˆ), and on parity with the outstanding 5.875% Non-Cumulative Preferred Stock, Series A, the outstanding 6.875% Non-Cumulative Preferred Stock, Series B and the outstanding 6.000% Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series C of Farmer Mac (collectively, the ÙOutstanding Parity Preferred Stockˆ), in each case to the extent provided in this Certificate.
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Federal Agricultural Mortgage is engaged in providing a secondary market for a variety of loans made to borrowers in rural America. Co.'s secondary market activities include: purchasing eligible loans directly from lenders; issuing and guaranteeing securities that represent interests in, or obligations secured by, pools of eligible loans; servicing eligible loans purchased or securitized by Co.; and providing long-term standby purchase commitments for eligible loans. Co. has two lines of business, Agricultural Finance and Rural Infrastructure Finance. Within those two lines of business are four segments: Corporate AgFinance, Farm and Ranch, Rural Utilities, and Renewable Energy. Preferreds: AGM.PRA, AGM.PRB, AGM.PRC, AGM.PRD, AGM.PRE, AGM.PRF, AGM.PRG Open the AGM Information Page » |
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