Mu2e, a charged lepton flavor violation (CLFV) experiment is planned to start at Fermilab late in this decade. The proposed experiment will search for neutrinoless muon to electron conversions with unprecedented sensitivity, better than 6 x 10(-17) at 90% CL. To achieve this sensitivity the incoming proton beam must be highly suppressed during the window for detecting the muon decays. The current proposal for beam extinction is based on a collimator design with two dipoles running at 300 kHz and 5.1 MHz and synchronized to the proton bunch spacing. The appropriate choice of ferrite material for the magnet yoke is a critical step in the overall design of the dipoles and their reliable operation at such high frequencies over the life of the experiment. This choice, based on a series of the thermal and magnetic measurements of the ferrite samples, is discussed in the paper. Additionally, the first results from the testing at 300 kHz of a prototype AC dipole are presented.