Company: SOJE
Filing Date: 2025-02-25
Form Type: 424B5
Source: 0000092122-25-000022
Chunk: 3

Company: SOUTHERN CO
Filing Date: 2025-02-25
Form: 424B5
Chunk 3
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 may elect to defer interest payments on the Series 2025B Junior Subordinated Notes at its option for one or more periods of up to 10 consecutive years. This may affect the market price of the Series 2025B Junior Subordinated Notes.

The Company may elect at its option to defer payment of all or part of the current and accrued interest otherwise due on the Series 2025B Junior Subordinated Notes for up to 10 consecutive years, as described under “Description of the Series 2025B Junior Subordinated Notes—Option to Defer Interest Payments” in this Prospectus Supplement. At the end of an Optional Deferral Period, if all amounts due are paid, the Company could start a new Optional Deferral Period of up to 10 consecutive years. During any Optional Deferral Period, interest on the Series 2025B Junior Subordinated Notes would be deferred but would accrue additional interest at a rate equal to the interest rate then applicable to the Series 2025B Junior Subordinated Notes, to the extent permitted by applicable law. No Optional Deferral Period may extend beyond the maturity date or redemption date, if earlier, of the Series 2025B Junior Subordinated Notes. If the Company exercises this interest deferral right, the Series 2025B Junior Subordinated Notes may trade at a price that does not fully reflect the value of accrued but unpaid interest on the Series 2025B Junior Subordinated Notes or that is otherwise less than the price at which the Series 2025B Junior Subordinated Notes may have been traded if the Company had not exercised such right. In addition, as a result of the Company’s right to defer interest payments, the market price of the Series 2025B Junior Subordinated Notes may be more volatile than other securities that do not have these rights.

Holders of the Series 2025B Junior Subordinated Notes may have to pay taxes on interest before they receive payments from the Company.

If the Company defers interest payments on the Series 2025B Junior Subordinated Notes, a holder of the Series 2025B Junior Subordinated Notes will be required to accrue interest income for United States federal income tax purposes in respect of such holder’s proportionate share of the accrued but unpaid interest on the Series 2025B Junior Subordinated Notes, even if such holder normally reports income when received. As a result, a holder will be required to include the accrued interest in such holder’s gross income for United States federal income tax purposes before receiving payment