Horizons AlphaPro Preferred Share ETF
iShares S&P/TSX North American Preferred Stock Index Fund launches
New index benchmarks preferred share market across U.S. and Canada
Proceeds to be used to augment firm’s cash position, retire outstanding debt
Underwriters agree to buy six million shares
Series E shares to yield 6%
Offering raises $170 million
Series O shares to yield 5.8%
Series C shares to yield 5.75% annually
Underwriters agree to buy up $250 million shares on a bought-deal basis