 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. 