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Southern California Edison, 6.00% Series C Non-cumulative Preference Stock
Ticker Symbol: SCEDL* CUSIP: 842400731 Exchange: OTOTC
* NOTE: This security is no longer trading as of 2/28/2013
Security has been Called for: Thursday, February 28, 2013
Jan. 29, 2013 -- Southern California Edison (SCE) announced today that it intends to redeem all of the outstanding shares of its Series B and Series C Preference Stock. The redemption date will be Feb. 28, 2013, and the redemption price will be $100 per share of Series B and C Preference Stock plus accrued and unpaid dividends up to, but excluding the redemption date. SCE intends to redeem the shares of Series B and C Preference Stock using the proceeds of a recent offering of lower-rate preference securities. All shares of the Series B and C Preference Stock are held through The Depository Trust Company, and the shares will be redeemed according to The Depository Trust Company’s procedures. On or before the redemption date, SCE will have deposited in escrow for the benefit of the holders the funds necessary for the aggregate payment of the redemption price. On and after the redemption date, all of the outstanding shares of Series B and C Preference Stock shall be deemed no longer to be outstanding, dividends on the Series B and C Preference Stock shall cease to accrue, and all rights with respect to the shares 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 shares. Questions relating to, and request for additional copies of, the notice of redemption and related materials should be directed to Wells Fargo Bank, N.A. at (800) 347-8625.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Southern California Edison Compay, 6.00% Series C Preference Stock, Non-Cumulative, liquidation preference $100 per share, redeemable at the issuer's option on or after 9/30/2010 at $100 per share plus declared and unpaid dividends, with no stated maturity, and with noncumulative distributions of 6.00% ($6.00) per annum paid quarterly on 1/31, 4/30, 7/31 & 10/31 to holders of record on the date fixed by the board. In regards to payment of dividends and upon liquidation, these preference shares rank junior to the company's preferred stock and senior to the common shares of the company. See the IPO prospectus for further information on the preference stock by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (EIX)
IPO - 1/19/2006 - 2.00 Million Shares @ $100.00/share.
Link to IPO Prospectus
Market Value $200.0 Million
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
Scott Cunningham
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626-302-2540
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Toll Free Phone Number |
877-379-9515 |
CEO - Theodore F. Craver, Jr. |
CFO - W. James Scilacci |
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