Edison International to Redeem SCE Trust IV 5.375% Trust Preference Securities on December 18, 2025
Southern California Edison, a subsidiary of Edison International, announced it will redeem all outstanding shares of its Series J Preference Stock, resulting in the full redemption of SCE Trust IV's 5.375% Fixed-to-Floating Rate Trust Preference Securities. The redemption is scheduled for December 18, 2025, at a price of $25 per security, plus any accrued and unpaid distributions up to but excluding the redemption date. The accrued distributions from December 15, 2025, to December 18, 2025, will be calculated by adding a spread adjustment of 3.39361% to the three-month term Secured Overnight Financing Rate $(SOFR)$ determined as of December 11, 2025. After the redemption date, the securities will no longer accrue distributions and all rights will terminate, except for the right to receive the redemption price.
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