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| AGM-A > SEC Filings for AGM-A > Form 8-K on 15-Jan-2013 | All Recent SEC Filings |
15-Jan-2013
Unregistered Sale of Equity Securities, Regulation FD Disclosu
On January 14, 2013, the Federal Agricultural Mortgage Corporation ("Farmer
Mac") priced an offering of 2.4 million shares of 5.875% Non-Cumulative
Preferred Stock, Series A (the "Preferred Stock"). The Preferred Stock has a
liquidation preference of $25.00 per share, and the aggregate consideration to
Farmer Mac for the Preferred Stock upon settlement will be $58,605,000 in cash
($60 million in gross proceeds less underwriting discount). The settlement date
for the Preferred Stock offering is expected to be January 17, 2013. The
Preferred Stock was offered in reliance on an exemption from registration under
Section 3(a)(2) of the Securities Act of 1933, as amended, because Farmer Mac, a
Congressionally-charted corporation, is supervised by and acting as an
instrumentality of the Government of the United States pursuant to authority
granted by Congress. The Preferred Stock is not convertible or exchangeable into
any other class or series of equity of Farmer Mac.
On January 14, 2013, Farmer Mac issued a press release to announce the pricing of the offering of the Preferred Stock. A copy of the press release is attached to this report as Exhibit 99.
(a) Not applicable.
(b) Not applicable.
(c) Not applicable.
(d) Exhibits:
99. Press Release dated January 14, 2013.
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