Is Edison International (EIX) Using Preferred Share Redemption to Quietly Recast Its Risk Profile?

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Edison International plans to redeem all outstanding shares of its 5.375% Fixed-Rate Reset Cumulative Perpetual Preferred Stock, Series A, on March 9, 2026. This move signals a shift in the company’s financing costs and balance sheet management. While this action impacts capital structure, the main investment drivers for common shareholders remain regulatory decisions and wildfire expense treatment.

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