First Horizon Launches 6.75% Preferred Stock IPO

First Horizon Corporation has issued a 6.75% preferred stock, FHN.PR.H, through an initial public offering (IPO). This marks the latest addition to the exchange's fixed-income securities. The offering is part of First Horizon's efforts to raise capital and expand its financial resources. As a preferred stock, FHN.PR.H has a higher claim on assets and earnings than common stock, making it a more secure investment option.