Southern California Edison (SCE) announced it will redeem all outstanding shares of its Series J Preference Stock, resulting in SCE Trust IV redeeming all of its 5.375% Fixed-to-Floating Rate Trust Preference Securities. The redemption is scheduled for December 18, 2025, with each Trust Preference Security to be redeemed at $25 plus accrued and unpaid distributions up to but excluding the redemption date.
The calculation for accrued and unpaid distributions from December 15, 2025, through December 17, 2025, will include a spread adjustment of 3.39361% added to the three-month term Secured Overnight Financing Rate (SOFR), determined as of December 11, 2025.
Trust Preference Securities held via The Depository Trust Company will be processed according to that company’s procedures. Holders who maintain their securities in brokerage accounts are advised to contact their brokers for questions. For those not held through The Depository Trust Company, securities must be surrendered to The Bank of New York Mellon with proper documentation at Corporate Trust, 500 Ross St., Suite 625, Pittsburgh, PA.
After the redemption date, all outstanding Trust Preference Securities will no longer accrue distributions or carry rights except for receiving the redemption price upon surrender. “On and after the redemption date, all of the outstanding Trust Preference Securities shall be deemed no longer to be outstanding, distributions on the Trust Preference Securities shall cease to accrue and all rights with respect to the Trust Preference Securities 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 Trust Preference Securities,” according to Southern California Edison.
For more information or copies of related materials regarding this process, inquiries can be directed to The Bank of New York Mellon at 312-827-8683.
The company emphasized that this announcement does not constitute an offer or solicitation regarding these securities where such activity would be unlawful prior to registration or qualification under applicable laws.
Southern California Edison is part of Edison International and is among the largest electric utilities in the United States. It serves about 15 million people across five million customer accounts in a service area covering Central, Coastal and Southern California spanning approximately 50,000 square miles.
