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SCE Trust IV, 5.375% Cumulative Fixed/Floating Rate Trust Preference Securities
Ticker Symbol: SCE-J     CUSIP: 78409G206     Exchange: NYSE
Security Type:   Trust Preferred Security

QUANTUMONLINE.COM SECURITY DESCRIPTION:  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.
Stock
Exchange
Cpn Rate
Ann Amt
LiqPref
CallPrice
Call Date
Matur Date
Moodys/S&P
Dated
Distribution Dates 15%
Tax Rate
NYSE
Chart
FixFloat
$1.34
$25.00
$25.00
9/15/2025
None
Baa3 BB+
4/16/2023
3/15, 6/15, 9/15 & 12/15
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
YES

Go to Parent Company's Record (EIX)

IPO - 8/17/2015 - 13.00 Million Shares @ $25.00 /share.    Link to IPO Prospectus
Previous Ticker Symbol: SCTTP    Changed: 8/26/2015
Market Value $325.0 Million

Company's Online Information Links
HOME PAGE:     https://www.edison.com/
Company's Investor Relations Information Go to Investor Relations Information
Company's Online News Releases Go to News Releases
Online Company Profile Go to Online Profile

Company's Online SEC EDGAR Filings
Company's SEC EDGAR Filings Go to SEC Filings

Company's Email Address Links
Inv Rel Email Address Sam.Ramraj@EdisonIntl.com
General Email Address invrel@edisonintl.com

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 626-302-2540
Toll Free Phone Number 877-379-9515
CEO - Kevin M. Payne CFO - William (Tres) Petmecky


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