SCE-K Southern California Edison 5.45% Fixed-to-Floating Rate Trust Preference Securities

SCE Trust V is a Delaware statutory trust. The Trust was created to issue and sell 5.45% Fixed-to-Floating Rate Trust Preference Securities to the public and to engaged 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 June 15, 2016. From and including March 8, 2016 to but excluding March 15, 2026, distributions will accrue and be payable at a rate of 5.45% per annum, payable beginning on June 15, 2016 and ending on March 15, 2026. From and including March 15, 2026, distributions will accrue and be payable at a floating rate equal to the three-month LIBOR plus a spread of 3.79% per annum, payable beginning on June 15, 2026. Distributions on the Trust Preference Securities, and dividends on the Series K Preference Shares, will be cumulative from March 8, 2016. Neither the Trust Preference Securities nor the Series K Preference Shares have a maturity date. At our option, at any time, or from time to time, on or after March 15, 2026, we may redeem the Series K Preference Shares, in whole or in part, at 100% of their liquidation preference, plus accrued and unpaid dividends, if any. In addition, the Series K Preference Shares may be redeemed, in whole, but not in part, at any time prior to March 15, 2026 if certain changes in tax or investment company law or interpretation occur and certain other conditions are satisfied. Upon a  This security was issued by Edison International, whose common stock symbol is EIX.

$25.81  +0.09 (0.33%)
As of 10/27/2021 15:12:07 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:  03/10/2016
Outstanding shares:  12,000,000
Average volume:  13,402
Market cap:   $310,560,000
Current dividend yield:  5.26%    calculation
Initial coupon rate:    5.450%
Spread to LIBOR: 0.037900
Cumulative:    Yes
Liquidation value:   $25.00
Callable after:   03/15/2026
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:    78409W201
ISIN:        US78409W2017
Sedol:      BYQ69C4

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