|
|
|
Edison International | 7.50% Trust Preference Securities (SCEM)
Prospectus excerpt: SCE Trust VII (the “Issuer”), a Delaware statutory trust, the sole assets of which will be the shares of Series M Preference Stock (the “Series M Preference Shares”) issued by Southern California Edison Company (the “Company”). The Company will own all of the common securities of the Issuer. 7.50% of the liquidation amount of $25 per Trust Preference Security per annum, payable quarterly in arrears on March 15, June 15, September 15 and December 15 of each year, beginning on March 15, 2024, subject to the Issuer receiving dividend payments on the Series M Preference Shares when, as, and if declared by the Company. Distributions on the Trust Preference Securities, and dividends on the Series M Preference Shares, are cumulative from the date of issue. Application will be made to list the Trust Preference Securities on the New York Stock Exchange under the symbol “SCE PR M.” If approved for listing, the Company expects the Trust Preference Securities will begin trading on the New York Stock Exchange within 30 days of their original issue date of November 22, 2023. Full Prospectus PDF », Secondary Prospectus PDF », EIX Page »
Series: | M | Redeemable?: | Yes | Call Date: | 11/22/2028 | Perpetual?: | Yes | Cumulative?: | Yes | Shares Offered: | 22,000,000 | Overallotment: | 3,300,000 | Liquidation Preference: | $25.00 | Original Coupon: | 7.50% | Pay Period: | Quarterly | Pay Dates: | 15-Mar, 15-Jun, 15-Sep, 15-Dec | CDx3 Compliance Rating: |
Learn SCEM's Rating
|
|
Edison International is a holding company. Through its subsidiary, Southern California Edison Company (SCE), which is an investor-owned public utility, Co. is engaged in the business of supplying and delivering electricity to southern California. Co.'s other subsidiary, Edison Energy, LLC, is engaged in the business of providing integrated decarbonization and energy solutions to commercial, institutional and industrial customers. SCE supplies electricity to its customers through transmission and distribution networks. Its transmission facilities, which are located primarily in California but also in Nevada and Arizona, deliver power from generating sources to the distribution network. Preferreds: SCE.PRB, SCE.PRC, SCE.PRD, SCE.PRE, SCE.PRF, SCE.PRG, SCE.PRH, SCE.PRJ, SCE.PRK, SCE.PRL, SCEM Open the EIX Information Page »
|
Name: |
Edison International |
Website: |
www.edison.com |
Sector: |
Electric Utilities |
Number of ETFs Holding EIX: |
113 (see which ones) |
Total Market Value Held by ETFs: |
$5,426,198,496.84 |
Total Market Capitalization: |
$26,786,000,000 |
% of Market Cap. Held by ETFs: |
20.26% |
|
|
|
|
|