Southern California Edison (SCE) announced it will redeem all outstanding shares of its Series K Preference Stock, which will result in SCE Trust V redeeming all of its 5.45% Fixed-to-Floating Rate Trust Preference Securities. The redemption is scheduled for March 15, 2026, at a price of $25 per security plus any accrued and unpaid distributions up to but not including the redemption date.
According to the company, securities held through The Depository Trust Company will be redeemed following that organization’s procedures. Holders with securities in brokerage accounts are advised to contact their brokers with questions. For those whose securities are not held through The Depository Trust Company, the securities must be surrendered to The Bank of New York Mellon along with proper documentation if payment is to be made to someone other than the registered holder.
The company stated: “On and after the redemption date, all of the outstanding Trust Preference Securities shall be deemed no longer to be outstanding, distributions on the Trust Preference Securities shall cease to accrue and all rights with respect to the Trust Preference Securities called for redemption will thereafter cease and terminate at the close of business on the redemption date, except only the right of the holders to receive the redemption price, but without interest, upon surrender of their Trust Preference Securities.”
Questions about or requests for additional copies of the notice of redemption can be directed to The Bank of New York Mellon at 312-827-8683.
The announcement clarified that this news release does not constitute an offer or solicitation regarding these securities in any jurisdiction where such actions would be unlawful prior to registration or qualification under relevant laws.
Southern California Edison is a subsidiary of Edison International and serves about 15 million people across five million customer accounts within a 50,000-square-mile area in Central, Coastal and Southern California.
