Farmer Mac Declares Quarterly Dividends on Common and Preferred Stock
04 December 2009 - 8:15AM
PR Newswire (US)
WASHINGTON, Dec. 3 /PRNewswire-FirstCall/ -- The Board of Directors
of the Federal Agricultural Mortgage Corporation (Farmer Mac) has
declared a quarterly dividend on each of the Corporation's three
classes of common stock -- Class A Voting Common Stock
(NYSE:AGM.A), Class B Voting Common Stock (not listed on any
exchange), and Class C Non-Voting Common Stock (NYSE:AGM). The
quarterly dividend of $0.05 per share of common stock will be
payable on December 31, 2009 to holders of record of common stock
as of December 15, 2009. Farmer Mac's Board of Directors has also
declared quarterly dividends on the Corporation's Series B and
Series C Preferred Stock, none of which is listed on any exchange.
The quarterly dividends of $30.00 per share of Series B-1 and
Series B-2 Preferred Stock, $25.00 per share of Series B-3
Preferred Stock, and $12.50 per share of Series C Preferred Stock
are for the period from October 1, 2009 through December 31, 2009
and will be payable on December 31, 2009 to holders of record of
preferred stock as of December 21, 2009. Each share of Series B and
Series C Preferred Stock has a par value and liquidation preference
of $1,000.00 per share. Farmer Mac is a stockholder-owned
instrumentality of the United States chartered by Congress to
establish a secondary market for agricultural real estate and rural
housing mortgage loans and rural utilities loans and to facilitate
capital market funding for USDA-guaranteed farm program and rural
development loans. Additional information about Farmer Mac is
available on Farmer Mac's website at http://www.farmermac.com/ .
DATASOURCE: Farmer Mac CONTACT: Mary K. Waters of Farmer Mac,
+1-202-872-7700 Web Site: http://www.farmermac.com/
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