SCE Trust III
SCE-PH
New York Stock Exchange25.41
USD
+0.00
- -
CIK
0000092103
ISIN
US78409B2079
CUSIP
78409B207
Return %
Stock
S&P500
1Y
2.38
19.01
3Y
0.63
65.49
5Y
3.67
72.21
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 2244 Walnut Grove Avenue Rosemead CA United States of America 91770
- IPO Date
- Feb 28, 2014
- CIK
- 0000092103
- Similar Companies
- Business
- SCE Trust III (NYSE: SCE-PH) operates as a Delaware statutory trust and wholly-owned subsidiary of Southern California Edison Company, a major electric utility serving Southern California. The trust's sole purpose is to issue and hold 5.75% Fixed-to-Floating Rate Trust Preference Securities, which represent undivided beneficial interests backed by SCE's corresponding Series H Preference Stock; these securities provide cumulative distributions payable solely from dividends received on the underlying preference shares, with no maturity date. Headquartered in Rosemead, California, aligning with its parent SCE founded in 1886, SCE Trust III functions within the utilities sector, targeting institutional and retail investors seeking preferred equity-like instruments from the power generation and distribution industry. In a significant operational change, Southern California Edison announced the full redemption of all outstanding SCE Trust III 5.75% Fixed-to-Floating Rate Trust Preference Securities on October 29, 2024, with redemption executed at $25.00 per security plus accrued dividends of $0.426992 through November 28, 2024, after which the securities ceased accruing dividends and all holder rights terminated upon surrender. This redemption, processed via The Bank of New York Mellon as trustee, marked the trust's wind-down following repayment of its primary debt obligation, reflecting SCE's strategic debt management amid ongoing utility investments.