Edison International has announced the commencement of cash tender offers to purchase any and all of its outstanding 5.00% Fixed-Rate Reset Cumulative Perpetual Preferred Stock, Series B, and 5.375% Fixed-Rate Reset Cumulative Perpetual Preferred Stock, Series A. Holders of the Series B Preferred Stock will receive $995 per $1,000 liquidation preference, while holders of the Series A Preferred Stock will receive $1,000 per $1,000 liquidation preference, plus accrued and unpaid dividends up to, but not including, the settlement date. The company intends to fund the repurchases with cash on hand.
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