SCE-J Southern California Edison 5.375% Fixed-to-Floating Rate Trust Preference Securities

SCE Trust IV is a Delaware statutory trust. The Company was created for the purpose of issuing and selling Fixed-to-Floating Rate Trust Preference Securities and to engage in other transactions. 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 December 15, 2015. From and including August 24, 2015 to but excluding September 15, 2025, distributions will accrue and be payable at a rate of 5.375% per annum, payable beginning on December 15, 2015 and ending on September 15, 2025. From and including September 15, 2025, distributions will accrue and be payable at a floating rate equal to the three-month LIBOR plus a spread of 3.132% per annum, payable beginning on December 15, 2025. Distributions on the Trust Preference Securities, and dividends on the Series J Preference Shares, will be cumulative from August 24, 2015. Neither the Trust Preference Securities nor the Series J Preference Shares have a maturity date. At our option, at any time, or from time to time, on or after September 15, 2025, we may redeem the Series J 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.

$25.07  -0.04 (-0.16%)
As of 10/27/2021 15:57:35 EST     IEX book   CBOE book


Security Information
Category1:  US Equity
Category2:  Preferred stocks
Category3:  Non-convertible
GICS sector:  Utilities
Industry:  UtilitiesóRegulated Electric
Index country:  USA
Country of incorporation:  USA
IPO date:  08/18/2015
Outstanding shares:  13,000,000
Average volume:  43,785
Market cap:   $326,040,000
Current dividend yield:  5.36%    calculation
Initial coupon rate:    5.375%
Spread to LIBOR: 0.031320
Cumulative:    Yes
Liquidation value:   $25.00
Callable after:   09/15/2025
Maturity date:    n/a - perpetual
Prospectus:    Read on SEC.gov
All SEC filings:     SEC Edgar Online
Quarterly filings:   10-Q
Annual filings:      10-K
CUSIP:    78409G206
ISIN:        US78409G2066
Sedol:      BYX6KN5

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