Business: SCE Trust IV, 5.375% Cumulative Fixed-to-Floating Rate Trust Preference Securities, liquidation amount $25 per share, guaranteed by Southern California Edison Co., a subsidiary of Edison International (NYSE: EIX) (See our definition of Guaranteed in our Glossary of Income Investing Terms for the technicalities of the guarantee), redeemable at the issuer's option on or after 9/15/2025 at $25 per share plus accrued and unpaid dividends, and with no stated maturity. The preference shares may be redeemed prior to 9/15/2025 if certain changes in tax or investment company law or interpretation occur and certain other conditions are satisfied. Upon any redemption of the Series J Preference Shares, a corresponding amount of Trust Preference Securities will be redeemed. Fixed cumulative distributions of 5.375% per annum ($1.34375 per annum or $0.3359375 per quarter) will be paid quarterly on 3/15, 6/15, 9/15 & 12/15 to holders of record on the record date which will be one business day prior to the payment date while the securities remain in book-entry form (NOTE: the ex-dividend date is one business day prior to the record date). After 9/15/2025 at a floating rate equal to the three-month LIBOR plus a spread of 3.132%. In each case, the issuer can make distributions on the Trust Preference Securities only if it makes dividend payments on the Series J Preference Shares, when, as, and if declared by the Company. Dividends paid by this preferred security are eligible for the preferential income tax rate of 15% to a maximum of 20% depending on the holder's tax bracket (and under IRS specified holding restrictions) and are also eligible for the dividends received deduction for corporate holders (see page 5 of the prospectus for further information). This security was rated as Baa1 by Moody’s and BBB- by S&P at the date of its IPO. In regard to the payment of dividends and upon liquidation, the preference shares rank junior to the company's senior debt and preferred stock, equally with other preference securities of the company, and senior to the common shares of the company. The only assets of SCE Trust IV will be the shares of the Series J Preference Stock, which have substantially the same payment terms as the Trust Preference Securities. See the IPO prospectus for further information on the trust preference securities by clicking on the ‘Link to IPO Prospectus’ provided below.