20 unchanged sentences
The declaration and payment of future dividends to holders of Farmer Mac's common stock are, however, at the discretion of Farmer Mac's board of directors and depend on many factors, including Farmer Mac's financial condition, actual results of operations and earnings, the capital needs of Farmer Mac's business, regulatory requirements, and other factors that Farmer Mac's board deems relevant.
−Removed: Farmer Mac's ability
−Removed: to pay dividends on its common stock is also subject to the payment of dividends on its outstanding preferred stock.
+Added: Farmer Mac's ability to pay dividends on its common stock is also subject to the payment of dividends on its outstanding
+Added: preferred stock.
Applicable FCA regulations also require Farmer Mac to provide FCA with 15 days' advance notice of certain capital distributions.
5 unchanged sentences
One type of transaction related to Farmer Mac's common stock occurred during fourth quarter 2021 that was not registered under the Securities Act and not otherwise reported on a Current Report on Form 8-K:
−Removed: • On October 2, 2020, consistent with Farmer Mac's policy that permits directors of Farmer Mac to elect to receive shares of Class C non-voting common stock in lieu of their cash retainers, Farmer Mac issued an aggregate of 187 shares of Class C non-voting common stock to the four directors who elected to receive such stock in lieu of a portion of their cash retainers.
+Added: • In October 2021, consistent with Farmer Mac's policy that permits directors of Farmer Mac to elect to receive shares of Class C non-voting common stock in lieu of their cash retainers, Farmer Mac issued an aggregate of 427 shares of Class C non-voting common stock to the five directors who elected to receive such stock in lieu of a portion of their cash retainers.
The number of shares issued to the directors was calculated based on a price of $108.52 per share, which was the closing price of the Class C non-voting common stock on September 30, 2021, the last business day of the third quarter, as reported by the New York Stock Exchange.
10 unchanged sentences
(b) Not applicable.
−Removed: Selected Financial Data
−Removed: No longer required.
−Removed: Reference is made to "Item 8—Financial Statements."
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.