Company: SOJE
Filing Date: 2025-11-04
Form Type: 424B2
Source: 0000092122-25-000092
Chunk: 150

Company: SOUTHERN CO
Filing Date: 2025-11-04
Form: 424B2
Chunk 150
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 ownership interest in a Treasury portfolio. In each case, the United States Holder will continue to take into account items of income or deduction otherwise includible or deductible, respectively, by such United States Holder with respect to such Treasury securities and such applicable ownership interests in RSNs or the applicable ownership interest in a Treasury portfolio, and its adjusted tax basis in the Treasury securities, the applicable ownership interests in RSNs or the applicable ownership interest in a Treasury portfolio and the purchase contract will not be affected by such delivery and release.

Substitution of Applicable Ownership Interests in RSNs or the Applicable Ownership Interest in a Treasury Portfolio to Recreate Corporate Units

A United States Holder of Treasury Units that delivers applicable ownership interests in RSNs or the applicable ownership interest in a Treasury portfolio to the collateral agent in substitution for Treasury securities to recreate Corporate Units will not recognize gain or loss upon its delivery of such applicable ownership interests in RSNs or the applicable ownership interest in a Treasury portfolio or its receipt of the Treasury securities. A United States Holder will continue to take into account items of income or deduction otherwise includible or deductible, respectively, by such United States Holder with respect to such Treasury securities and applicable ownership interests in RSNs or the applicable ownership interest in a Treasury portfolio, and its adjusted tax basis in the Treasury securities, applicable ownership interests in the RSNs or the applicable ownership interest in a Treasury portfolio and the purchase contract will not be affected by such delivery and release.

#### Remarketing or Redemption of RSNs
A remarketing or a redemption (in the case of the Series 2025C RSNs) of the RSNs will be a taxable event for a United States Holder of applicable ownership interests in RSNs, which will be subject to tax in the manner described above under “—The RSNs—Sales, Exchanges or Other Taxable Dispositions of Applicable Ownership Interests in the RSNs.”

#### Ownership of Treasury Portfolio
In the event of a successful optional remarketing of the RSNs, the Company and, by virtue of its acquisition of Corporate Units, each United States Holder agrees to treat the applicable ownership interest in the Treasury portfolio constituting a part of its Corporate Units as owned by such United States Holder for United States federal income tax purposes. In such a case, a United States Holder will be required to include in income any amount earned on such pro rata portion of the Treasury portfolio for United States federal income tax purposes. The remainder of this discussion assumes that a