Dairy Farmers of America, Inc. (the “Company”) announced today that it will redeem all 750,000 outstanding shares of the Company’s 7 7/8% Series B Cumulative Preferred Equity Securities, par value $100.00 per share (“Preferred Securities”) on Dec. 22, 2025 (the “Redemption Date”).

All Preferred Securities will be redeemed at a cash redemption price of $100.00 per share, plus any accrued and unpaid dividends (whether or not declared) up to, but not including, the Redemption Date (the “Redemption Price”). Dividends on the Preferred Securities will cease to accrue on the Redemption Date. Upon redemption, the Preferred Securities will no longer be deemed outstanding and all rights with respect to the Preferred Securities shall cease and terminate, except only the right of the holders thereof to receive the Redemption Price, without interest.

All issued and outstanding shares of Preferred Securities are held in book-entry form through the Depository Trust Company (“DTC”). The Preferred Securities will be redeemed in accordance with the procedures of DTC. Payment to DTC for the Preferred Securities will be made by Computershare Trust Company N.A., which is serving as redemption agent (the “Redemption Agent”). The Redemption Agent’s address is as follows:

Computershare Trust Company N.A.

150 Royall Street

Canton, MA 02021

Attn: Corporate Actions

This press release also constitutes a notice of redemption under the Company’s Certificate of Designations governing the Preferred Securities.

About Dairy Farmers of America

Dairy Farmers of America (DFA) is a farmer-owned leading global dairy cooperative focusing on sustainability, innovation, community, and the future of family dairies. While supporting and serving 9,500 farmer-owners, DFA manufactures nearly every form, function and flavor of high-quality nutritional dairy products, including fluid milk, cheese, butter, ice cream, dairy ingredients and more. These products connect our Cooperative’s family farms to family tables with national and regional brands such as Alta Dena® Dairy, Meadow Gold® Dairy, Friendly®’s, Borden® Cheese, Plugra® Premium Butter and Kemps® to name a few. On a global scale, we work with some of the world’s leading food companies to develop ingredients that deliver the greatest source of nutrition to consumers around the world, while staying committed to social responsibility and ethical farming. For more information, please visit dfamilk.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20251120841161/en/