Southern California Edison announced it will redeem all outstanding shares of its Series K Preference Stock, resulting in SCE Trust V redeeming all of its 5.45% Fixed-to-Floating Rate Trust Preference Securities. The redemption is scheduled for March 15, 2026, with a redemption price set at $25 per security plus any accrued and unpaid distributions up to but not including the redemption date.
For holders whose securities are maintained through The Depository Trust Company (DTC), redemptions will be processed following DTC procedures. Investors holding these securities in brokerage accounts are advised to contact their brokers with questions. For those whose securities are not held through DTC, the securities must be surrendered to the Trustee, The Bank of New York Mellon, along with proper assignment documents if payment is to go to someone other than the registered holder.
The address for surrendering these securities is:
The Bank of New York Mellon
Corporate Trust
500 Ross St., Suite 625
Pittsburgh, PA 15262-0001
Attn: Transfers/Redemptions
After March 15, 2026, all outstanding Trust Preference Securities will no longer accrue distributions and holders’ rights will terminate except for the right to receive the redemption price upon surrender.
Questions or requests for additional copies of the notice and related materials should be directed to The Bank of New York Mellon at 312-827-8683.
The company clarified that this announcement does not represent an offer to sell or a solicitation to buy these securities in any jurisdiction where such activity would be unlawful prior to registration or qualification under applicable laws.
Southern California Edison is a subsidiary of Edison International and serves about 15 million people through approximately 5 million customer accounts across Central, Coastal and Southern California within a service area covering about 50,000 square miles.
