XNYS
SCEpN
Jul 09, Last price
23.10USD
1D
0.22%
1Q
-2.74%
Name
SCE Trust VIII
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Profile
SCE Trust VIII is a Delaware statutory trust and a subsidiary of Southern California Edison Company, primarily focused on financial activities rather than direct business operations. Its core function involves issuing and selling 6.95% Trust Preference Securities to investors. The trust's only assets consist of Series N Preference Shares issued by its parent company, Southern California Edison. SCE Trust VIII distributes proceeds from these Series N Preference Shares to the holders of its Trust Preference Securities. These distributions are guaranteed by Southern California Edison Company. The trust operates within the financial services sector, serving investors seeking preferred securities, and indirectly supports the electric utility industry through its association with Southern California Edison.
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