-

Southern California Edison Announces Redemption of SCE Series E Preference Stock

ROSEMEAD, Calif.--(BUSINESS WIRE)--Southern California Edison announced today that it will redeem all of the outstanding shares of its Series E Preference Stock. The redemption date will be June 6, 2024, and the redemption price will be $1,000 per share of Series E Preference Stock, plus accrued and unpaid dividends up to, but excluding, the redemption date. The amount of accrued and unpaid distributions to, but excluding, June 6, 2024, will be $9.7874 per share of Series E Preference Stock. SCE will redeem the Series E Preference Stock using the proceeds of an offering of a new series of preference securities.

All shares of the Series E Preference Stock are held through The Depository Trust Company (DTC), and the shares will be redeemed according to DTC’s procedures. On or before the redemption date, SCE will have deposited in escrow for the benefit of the holders the funds necessary for the aggregate payment of the redemption price.

On and after the redemption date, all of the outstanding shares of Series E Preference Stock shall be deemed no longer to be outstanding, dividends on the Series E Preference Stock shall cease to accrue and all rights with respect to the shares called for redemption will thereafter cease and terminate at the close of business on the redemption date, except only the right of the holders to receive the redemption price, but without interest, upon surrender of their shares.

Questions relating to and requests for additional copies of, the notice of redemption and related materials should be directed to Equiniti Trust Company, LLC at 800-347-8625.

This news release does not constitute an offer to sell or a solicitation of any offer to buy such securities nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.

About Southern California Edison

An Edison International (NYSE: EIX) company, Southern California Edison is one of the nation’s largest electric utilities, serving a population of approximately 15 million via 5 million customer accounts in a 50,000-square-mile service area within Central, Coastal and Southern California.

Contacts

Investor Relations: Sam Ramraj, (626) 302-2540
Media Relations: (626) 302-2255
News@sce.com

Southern California Edison

NYSE:EIX

Release Versions

Contacts

Investor Relations: Sam Ramraj, (626) 302-2540
Media Relations: (626) 302-2255
News@sce.com

More News From Southern California Edison

Southern California Edison Commences Cash Tender Offer to Purchase Any & All 5.45% Fixed-to-Floating Rate Trust Preference Securities Issued by SCE Trust V

ROSEMEAD, Calif.--(BUSINESS WIRE)--Southern California Edison (the “Company”) today announced the commencement of its cash tender offer to purchase any and all of the outstanding 5.45% Fixed-to-Floating Rate Trust Preference Securities (the “Trust Securities” and such offer, the “Offer”) issued by SCE Trust V, a Delaware statutory trust subsidiary of the Company (the “Trust”), plus Accrued Distributions (as defined below). Series of Securities CUSIP/ISIN No. Liquidation Amount Per Security Aggr...

Southern California Edison Announces Redemption of SCE Trust IV 5.375% Fixed-to-Floating Rate Trust Preference Securities

ROSEMEAD, Calif.--(BUSINESS WIRE)--Southern California Edison announced today that it will redeem all the outstanding shares of its Series J Preference Stock, which will cause SCE Trust IV to redeem all of its outstanding 5.375% Fixed-to-Floating Rate Trust Preference Securities (“Trust Preference Securities”). The redemption date will be Dec. 18, 2025, and the redemption price will be $25 per Trust Preference Security, plus accrued and unpaid distributions up to but excluding the redemption da...

ADDING MULTIMEDIA / Now Available: Wildfire Recovery Compensation Program for Eaton Fire

ROSEMEAD, Calif.--(BUSINESS WIRE)--Starting today, eligible individuals and businesses can submit claims to receive fast payments and fair resolutions for direct impacts from the Eaton Fire through Southern California Edison’s Wildfire Recovery Compensation Program. “We listened to more than a thousand voices and learned what matters most to those impacted by the Eaton Fire: clarity, fairness and speed,” said Pedro Pizarro, president and CEO of Edison International, the parent company of SCE. “...
Back to Newsroom