SCE Trust IV
SCE-PJ
New York Stock Exchange- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Financial - Capital Markets
- Address
- 2244 Walnut Grove Avenue Rosemead CA United States of America 91770
- IPO Date
- Aug 18, 2015
- CIK
- 0000092103
- Similar Companies
- Business
- SCE Trust IV (NYSE: SCE-PJ) operates as a Delaware statutory trust established specifically to issue and sell 5.375% Fixed-to-Floating Rate Trust Preference Securities, which represent undivided beneficial ownership interests in the trust's assets consisting solely of Southern California Edison Company's Series J Preference Stock; these securities feature a fixed rate of 5.375% until September 15, 2025, after which distributions accrue at a floating rate equal to three-month LIBOR plus a 3.132% spread, payable quarterly commencing December 15, 2025. The trust, incorporated in 2014 and based in Rosemead, California, functions as a wholly-owned subsidiary of Southern California Edison Company, a major utility serving approximately 15 million people across central, coastal, and Southern California through electric power generation and distribution. Its operations are limited to holding the Series J Preference Shares, making distributions to holders from corresponding payments received from Southern California Edison, and engaging in related administrative activities under the oversight of appointed trustees. In a significant recent development, Southern California Edison announced on November 18, 2025, the full redemption of all outstanding Series J Preference Stock, triggering the mandatory redemption by SCE Trust IV of all its 5.375% Fixed-to-Floating Rate Trust Preference Securities on December 18, 2025, at a price of $25 per security plus accrued and unpaid distributions up to but excluding the redemption date, calculated using a three-month SOFR plus 3.39361% spread for the final period. This redemption, processed through The Depository Trust Company for most holders or directly via The Bank of New York Mellon as trustee, marks the wind-down of the trust's primary issuance activity and cessation of distributions post-redemption, with all holder rights terminating thereafter except for the redemption payment. No other major partnerships, acquisitions, funding rounds, or strategic expansions involving SCE Trust IV have been reported in the last 1-2 years, as its role remains narrowly focused on the now-redeeming preference securities structure.