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Farmer Mac to redeem 6.875% series B preferreds via new series D
By Marisa Wong
Morgantown, W.Va., May 8 – Federal Agricultural Mortgage Corp. plans to redeem its $75 million of outstanding 6.875% non-cumulative series B preferred stock using proceeds from an offering of new non-cumulative perpetual series D preferred stock, according to a news release.
Farmer Mac is a Washington, D.C.-based lender for agricultural and rural communities.
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