 The Federal Agricultural Mortgage Corporation Farmer Mac; NYSE: AGM and AGM.A today announced that it has agreed to issue 120 million of Tier 1 capital through the public offering of 5.250 non-cumulative perpetual Series F preferred stock, par value 25.00 per share. The preferred stock offering is expected to close on August 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 and to redeem the 60 million aggregate outstanding par value and liquidation preference of Farmer Macs 5.875 non-cumulative preferred stock, Series A. This press release shall not constitute a notice of redemption of such Series A preferred stock. Farmer Mac expects to list the new series of preferred stock on the New York Stock Exchange under the symbol AGM PRF. 