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Southern California Edison, 4.24% Series Cumul Preferred Stock
Ticker Symbol: SCE-C* CUSIP: 842400301 Exchange: AMEX
* NOTE: This security is no longer trading as of 9/28/2020
Security has been Called for: Sunday, September 27, 2020
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August 28, 2020 -- Southern California Edison (SCE) announced today that it will redeem $120 million of its cumulative preferred stock consisting of all of the outstanding shares of the 4.32% Series, 4.08% Series, 4.24% Series, and the 4.78% Series (collectively, the “Preferred Stock”) and $180 million of the outstanding shares of its Series G Preference Stock, which will cause SCE Trust II to redeem $180 million of its outstanding 5.10% Trust Preference Securities (“Trust Preference Securities”). Upon redemption, SCE’s preferred equity layer will be in line with its CPUC-authorized level of 5%. The Redemption Date will be September 27, 2020, and the Redemption Prices and accrued and unpaid dividends Dividend distribution dates are projected from a 7/14/2004 news release declaring preferred stock dividends to be paid 8/31/04 and 9/30/04.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Southern California Edison Co., 4.24% Series Cumulative Preferred Stock, par value $25 per share, redeemable any time at the company's option at $25.80 per share plus accrued and unpaid dividends, and not subject to mandatory redemption. Distributions of 4.24% ($1.06) per annum are paid quarterly on 2/28, 5/31, 8/31 & 11/30. 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. Southern California Edison Co. is a wholly-owned subsidiary of Edison International (NYSE: EIX).
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Go to Parent Company's Record (EIX)
Market Value $21.3 Million
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: 2244 Walnut Grove Avenue, Rosemead, CA 91770 |
| Main Phone Number |
626-302-2222 |
| Fax Number |
626-302-2117 |
| Investor Relations
Sam Ramraj
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626-302-2540
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| Toll Free Phone Number |
877-379-9515 |
| CEO - Kevin M. Payne |
CFO - William (Tres) Petmecky |
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