AGM-P-I: FEDERAL AGRICULTURAL MORTGAGE CORP 6.875% Series I Preferred Stock
FEDERAL AGRICULTURAL MORTGAGE CORP's AGM-P-I is an exchange-traded preferred stock in the Federal & Federally-Sponsored Credit Agencies sector.
At a recent price of $24.24, AGM-P-I yields 7.09% on its $25 liquidation preference and 6.875% coupon.
It trades at a discount of 3.0% to par.
The issue is non-cumulative, perpetual (no stated maturity), callable on or after 2031-07-17.
Distributions are paid quarterly.
Figures are derived from market data and SEC filings; confirm details in the prospectus before investing.