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Article: FARMER MAC CLASS C (NON-VOTING) COMMON STOCK AVAILABLE FOR UNRESTRICTED TRADING AND OWNERSHIP
- Article from:
- PR Newswire
- Article date:
- November 22, 1993
CopyrightCOPYRIGHT 1993 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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WASHINGTON, Nov. 22 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac), announced today that effective Nov. 23, 1993, the Class C Non-Voting Common Stock of the corporation will become separately transferable and available for purchase by investors generally without ownership restrictions.
Farmer Mac, a federally chartered, privately owned corporation referred to as a "government sponsored enterprise," provides a secondary market for agricultural and rural housing mortgage loans. The initial capitalization of Farmer Mac in November 1988 involved the public issuance of common stock "Units," each consisting of one share of Class A or Class B Voting ...