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Non-Tech : Income Investing
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To: FL_Guy who wrote (52087)11/18/2025 8:08:48 PM
From: FL_Guy   of 52111
 
EIX has called SCE-J.
I'd be real happy if SCE called their issues, a great overall YTC for sure. But issues I hold can't be called until 2028 or 2029. I had held the J issue, bought in the likelihood of being called as the floating rate is juicy. But 8% pop on the price and I just flipped into N and let the good times roll (hopefully good times). The YTC on SCE-N is over 12%. So, definitely OK with a call on that issue.
CharlesM nailed it by saying SCE has a history of calling their issues. I guess I should have just rode the wave into redemption. But I'm still good with flip to N as it has 4 years before it's called with 12% YTC.

https://newsroom.edison.com/releases/southern-california-edison-announces-redemption-of-sce-trust-iv-5-375-fixed-to-floating-rate-trust-preference-securities
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