Distributions are payable quarterly in arrears, on March 15, June 15, September 15 and December 15 of each year, beginning on June 15, 2013, at an annual rate of 5.10%. SCE Trust II will pay distributions on the Trust Preference Securities only from the proceeds, if any, of dividends it receives from us on the Series G Preference Shares. Distributions on the Trust Preference Securities, and dividends on the Series G Preference Shares, will be cumulative from January 29, 2013.
Neither the Trust Preference Securities nor the Series G Preference Shares have a maturity date. At our option, at any time, or from time to time, on or after March 15, 2018, we may redeem the Series G Preference Shares, in whole or in part, at 100% of their liquidation preference, plus accrued and unpaid dividends, if any. In addition, the Series G Preference Shares may be redeemed, in whole, but not in part, at any time prior to March 15, 2018 if certain changes in tax or investment company law or interpretation occur and certain other conditions are satisfied. Upon any redemption of the Series G Preference Shares, a corresponding amount of Trust Preference Securities will be redeemed.
The Series G Preference Shares will rank equally with other series of our preference stock, including our outstanding Series A, B, C, D, E and F Preference Stock, junior to our cumulative preferred stock and our secured and unsecured debt, and senior to our common stock. The Trust Preference Securities will effectively have the same ranking as the Series G Preference Shares as described in this prospectus.
We will guarantee the Trust Preference Securities to the extent described in this prospectus.
Full Prospectus PDF », Secondary Prospectus PDF », EIX Page »
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Edison International is a holding company. Through its subsidiary, Southern California Edison Company (SCE), which is an investor-owned public utility, Co. is engaged in the business of supplying and delivering electricity to southern California. Co.'s other subsidiary, Edison Energy, LLC, is engaged in the business of providing integrated decarbonization and energy solutions to commercial, institutional and industrial customers. SCE supplies electricity to its customers through transmission and distribution networks. Its transmission facilities, which are located primarily in California but also in Nevada and Arizona, deliver power from generating sources to the distribution network. Preferreds: SCE.PRB, SCE.PRC, SCE.PRD, SCE.PRE, SCE.PRF, SCE.PRG, SCE.PRH, SCE.PRJ, SCE.PRK, SCE.PRL, SCEM Open the EIX Information Page » |
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