Ontario Teachers' Pension Plan, Toronto, made a U.S.$150 million...

Ontario Teachers' Pension Plan, Toronto, made a U.S.$150 million direct private placement in The Macerich Co., receiving 5.4 million shares of convertible preferred stock, said John Capeletti, a spokesman for the C$60 billion (U.S.$41 billion) pension fund. Macerich is a REIT that focuses on regional malls in the United States. Proceeds from the deal will be used for acquisitions and to reduce debt, said a company spokesman.