NYSE:EIXElectric Utilities
Is Edison International (EIX) Using Preferred Share Redemption to Quietly Recast Its Risk Profile?
Edison International recently announced it will redeem all outstanding shares of its 5.375% Fixed-Rate Reset Cumulative Perpetual Preferred Stock, Series A, on March 9, 2026, at US$1,000 per share, ending future distributions and rights except the right to receive the redemption price.
By retiring this preferred layer of its capital structure, Edison International is signaling a shift in how it manages financing costs, balance sheet mix, and obligations to preferred investors.
We’ll now...