Edison International Announces Redemption of 5.375% Fixed-Rate Reset Cumulative Perpetual Preferred Stock, Series A

Key Terms

fixed-rate reset financial

A fixed-rate reset is a feature of some bonds or preferred shares where the interest or dividend starts at a fixed rate for an initial period and then is re‑set at specific future dates to a new fixed rate based on market yields or a formula. It matters to investors because it combines the predictability of a fixed payment with periodic adjustments that reflect current interest rates, like a thermostat that keeps payments in line with prevailing market conditions and helps manage interest-rate risk.

cumulative perpetual preferred stock financial

A cumulative perpetual preferred stock is a share that acts like a long-lasting hybrid between a bond and a dividend-paying stock: it promises regular fixed payments that, if missed, accumulate and must be paid later before common shareholders get dividends, and it has no set maturity date. Investors care because it can provide steady, higher-priority income similar to interest, but with limited capital upside, sensitivity to interest rates, and the risk that payments can be delayed even though they continue to accrue.

the depository trust company financial

The Depository Trust Company is a large organization that safely manages and keeps electronic records of ownership for stocks, bonds, and other securities. It acts like a digital warehouse, making it easier and faster for investors to buy, sell, and transfer investments without needing physical paper certificates. This helps ensure transactions are secure, accurate, and completed smoothly.

ROSEMEAD, Calif.--(BUSINESS WIRE)-- Edison International announced today that it will redeem all the outstanding shares of its 5.375% Fixed-Rate Reset Cumulative Perpetual Preferred Stock, Series A (“Series A Preferred Stock”). The redemption date will be March 9, 2026, and the redemption price will be $1000 per share of Series A Preferred Stock.

Shares of Series A Preferred Stock held through The Depository Trust Company will be redeemed according to The Depository Trust Company’s procedures. Payment to DTC for the Series A Preferred Stock will be made by Equiniti Trust Company, LLC, as redemption agent (the "Redemption Agent") in the usual manner. The address for the Redemption Agent is as follows:

Equiniti Trust Company, LLC
Corporate Actions Department
1110 Centre Pointe Curve, Suite # 101,
Mendota Heights, MN 55120

Any questions may be directed to the Redemption Agent toll-free at 718-921-8317.

Holders who have their Series A Preferred Stock in brokerage accounts should contact their brokers with any questions. For Series A Preferred Stock not held through The Depository Trust Company, to collect the redemption price, the Series A Preferred Stock must be surrendered to the Redemption Agent, accompanied by proper instruments of assignment and transfer if payment is to be made other than to the registered holder(s) at the address above.

On and after the redemption date, all of the outstanding shares of Series A Preferred Stock shall be deemed no longer to be outstanding, distributions on the Series A Preferred Stock shall cease to accrue and all rights with respect to the Series A Preferred Stock 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 of Series A Preferred Stock.

This news release does not constitute an offer to sell or a solicitation of any offer to buy such securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.

About Edison International

Edison International (NYSE: EIX) is one of the nation’s largest electric utility holding companies, focused on providing clean and reliable energy and energy services through its independent companies. Headquartered in Rosemead, Calif., Edison International is the parent company of Southern California Edison Company, a utility delivering electricity to approximately 15 million people across Southern, Central and Coastal California. Edison International is also the parent company of Trio (formerly Edison Energy), a portfolio of nonregulated competitive businesses providing integrated sustainability and energy advisory services to large commercial, industrial and institutional organizations in North America and Europe.

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Source: Edison International