SCE-H SCE Trust III Fixed/Floating Rate Trust Preference Securities
SCE Trust III is a statutory trust. The only assets of the trust are shares of our Series H Preference Stock, which have substantially the same payment terms as the Trust Preference Securities. Distributions on the Trust Preference Securities will be payable quarterly, in arrears, on March 15, June 15, September 15 and December 15 of each year, beginning on June 15, 2014. From and including March 6, 2014 to but excluding March 15, 2024, distributions will accrue and be payable at a rate of 5.75% per annum, payable beginning on June 15, 2014 and ending on March 15, 2024. From and including March 15, 2024, distributions will accrue and be payable at a floating rate equal to the three-month LIBOR plus a spread of 2.99% per annum, payable beginning on June 15, 2024. SCE Trust III will pay distributions on the Trust Preference Securities only from the proceeds, if any, of dividends it receives from us on the Series H Preference Shares. Distributions on the Trust Preference Securities, and dividends on the Series H Preference Shares, will be cumulative from March 6, 2014. At our option, at any time, or from time to time, on or after March 15, 2024 we may redeem the Series H Preference Shares, in whole or in part, at 100% of their liquidation preference, plus accrued and unpaid dividends, if any. This security was issued by Edison International, whose common stock symbol is EIX.
$20.01 0.00 (0.00%)
As of 03/24/2023 00:00:00 EST IEX book CBOE book
Security Information
Category1: US Equity
Category2: Preferred stocks
Category3: Non-convertible
GICS sector: Utilities
Industry: Utilities—Regulated Electric
Index country: USA
Country of incorporation: USA
IPO date: 03/10/2014
Outstanding shares: 11,000,000
Average volume: 16,662
Market cap: $232,100,000
Current dividend yield: 6.81% calculation
Initial coupon rate: 5.750%
Spread to LIBOR: 0.029900
Cumulative: Yes
Liquidation value: $25.00
Callable after: 03/15/2024
Maturity date: n/a - perpetual
Prospectus: Read on SEC.gov
All SEC filings: SEC Edgar Online
Quarterly filings: 10-Q
Annual filings: 10-K
Sedol: BK74GK6