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.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Is Edison International (EIX) Using Preferred Share Redemption to Quietly Recast Its Risk Profile?
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.