Prospectus excerpt:  The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A) today announced that it has agreed to issue $75 million of Tier 1 capital through the public offering of 5.750% non-cumulative perpetual Series E preferred stock, par value $25.00 per share. The preferred stock offering is expected to close on May 20, 2020, subject to customary closing conditions. Farmer Mac intends to use the net proceeds from the sale of the preferred stock for general corporate purposes. Farmer Mac expects to list the new series of preferred stock on the New York Stock Exchange under the symbol “AGM PRE.” Farmer Mac has granted the underwriters an option to purchase, on or before June 12, 2020, up to an additional $11.25 million of preferred stock. The dividend rate on the new Series E preferred stock will remain at a non-cumulative, fixed rate of 5.750% per year, when, as, and if a dividend is declared by the Board of Directors of Farmer Mac, for so long as the Series E preferred stock remains outstanding. The Series E preferred stock will have no maturity date, but Farmer Mac will have the option to redeem the preferred stock on any dividend payment date on and after July 17, 2025. Morgan Stanley & Co. LLC served as Sole Book-Running Manager for this transaction. BTIG, LLC and Sidoti & Company, LLC served as Co-Managers for this transaction.