Description

SCE Trust II functions as a statutory trust, established under Delaware law. Its core objective is to create and sell its 5.10% Trust Preference Securities. The trust's operations are overseen by its designated trustees. While these preference securities are offered to the public, the trust's common securities are acquired by the company. Among its capital structure is the 5.10% Series G Preference Stock, referred to by the trust as "Series G Preference Shares." Dividends on these Series G Preference Shares are contingent upon their declaration by the board of directors of the company or an authorized committee. These dividend payments will precisely match the rate and payment dates of the distributions made on the Trust Preference Securities.