Edison International to Redeem Series A Preferred Stock
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5 days ago
0mins
Should l Buy EIX?
Source: Newsfilter
- Redemption Announcement: Edison International has announced the redemption of all outstanding shares of its 5.375% Fixed-Rate Reset Cumulative Perpetual Preferred Stock, Series A, on March 9, 2026, at a price of $1,000 per share, aimed at optimizing its capital structure and reducing financial costs.
- Redemption Agent Details: The redemption will be facilitated by Equiniti Trust Company, LLC, and shareholders holding Series A Preferred Stock through The Depository Trust Company (DTC) must follow DTC procedures, ensuring a smooth redemption process.
- Rights Termination Notice: After the redemption date, all outstanding shares will cease to be considered outstanding, and distributions will stop accruing, with holders retaining only the right to receive the redemption price, reflecting the company's commitment to shareholder rights.
- Company Overview: Edison International is one of the largest electric utility holding companies in the U.S., serving approximately 15 million people and focusing on providing clean and reliable energy services, highlighting its strategic positioning in the sustainability sector.
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Analyst Views on EIX
Wall Street analysts forecast EIX stock price to fall
7 Analyst Rating
2 Buy
3 Hold
2 Sell
Hold
Current: 69.080
Low
54.00
Averages
63.00
High
70.00
Current: 69.080
Low
54.00
Averages
63.00
High
70.00
About EIX
Edison International is an electric utility holding company. The Company is focused on providing clean and reliable energy and energy services through its independent companies. It is the parent holding company of Southern California Edison Company (SCE) and Trio. SCE is a public utility primarily engaged in the business of supplying and delivering electricity to an approximately 50,000 square mile area across Southern, Central and Coastal California. Trio is a global energy advisory firm providing integrated sustainability and energy advisory services to large commercial, industrial and institutional organizations in North America and Europe. Trio provides integrated strategy and implementation solutions in sustainability, renewables, energy procurement, conventional supply, energy optimization and transportation electrification.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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