AGM-C Federal Agricultural Mortgage 6.000% Fixed-to-Floating Rate Non-Cumulative Preferred Series C

Dividends on the Preferred Stock shall be payable when, as, and if declared by the Board of Directors, on January 17, April 17, July 17, and October 17 of each year. if declared by the Board of Directors, in its sole discretion, out of funds legally available for dividend payments, on a non-cumulative basis, quarterly cash dividends at a fixed rate of 6.000% per year of the liquidation preference of the Preferred Stock, or $1.50 per share of Preferred Stock per year from the original issue date to, and including, July 17, 2024, and thereafter, at a floating rate of three month U.S. dollar LIBOR on the applicable LIBOR Determination Date determined in the manner described below plus 3.26% per year of the liquidation preference of the Preferred Stock. On July 18, 2024 and at any time thereafter, the issuer may redeem the Preferred Stock, in whole or in part, out of funds legally available therefor, at the redemption price of $25.00 per share plus any declared and unpaid dividends through and including the date of redemption.   This security was issued by Federal Agricultural Mortgage Corp Class C non-voting, whose common stock symbol is AGM.

$25.04  -0.88 (-3.41%)
As of 03/27/2023 09:48:48 EST     IEX book   CBOE book

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Security Information

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Category1:  US Equity
Category2:  Preferred stocks
Category3:  Non-convertible
GICS sector:  Financials
Industry:  Credit Services
Index country:  USA
Country of incorporation:  USA
IPO date:  06/19/2014
Outstanding shares:  3,000,000
Average volume:  8,315
Market cap:   $88,230,000
Current dividend yield:  5.10%    calculation
Initial coupon rate:    6.000%
Spread to LIBOR: 0.032600
Cumulative:    No
Liquidation value:   $25.00
Callable after:   07/18/2024
Maturity date:    n/a - perpetual
Prospectus:    Read on SEC.gov
All SEC filings:     SEC Edgar Online
Quarterly filings:   10-Q
Annual filings:      10-K
Sedol: