Company: SOJE
Filing Date: 2025-11-03
Form Type: 424B5
Source: 0000092122-25-000088
Chunk: 146

Company: SOUTHERN CO
Filing Date: 2025-11-03
Form: 424B5
Chunk 146
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 proportionate share of the applicable ownership interest in the RSNs, the Treasury securities or the Treasury portfolio upon early settlement of a purchase contract and will have the same adjusted tax basis in such RSNs or Treasury securities or the Treasury portfolio as before such early settlement.

#### Termination of Purchase Contract
If a purchase contract terminates, a United States Holder generally will recognize gain or loss equal to the difference between the amount realized (if any) upon such termination and such United States Holder’s adjusted tax basis (if any) in the purchase contract at the time of such termination. Such gain or loss generally will be capital gain or loss and will be long-term capital gain or loss if the United States Holder held such purchase contract for more than one year prior to the termination. Certain non-corporate United States Holders, including individuals, are eligible for preferential tax rates in respect of long-term capital gains. The deductibility of capital losses is subject to limitations. A United States Holder will not recognize gain or loss with respect to such United States Holder’s proportionate share of the applicable ownership interest in the RSNs, the Treasury securities or the Treasury portfolio upon termination of the purchase contract and will have the same adjusted tax basis in such applicable ownership interest in such RSNs, Treasury securities or the Treasury portfolio as before such termination.

#### Adjustment to Settlement Rate
A United States Holder may be treated as having received a constructive distribution from the Company if (1) the settlement rate is adjusted (or fails to be adjusted) and as a result of such adjustment (or failure to adjust), the proportionate interest of such United States Holder in the Company’s assets or earnings and profits is increased and (2) the adjustment (or failure to adjust) is not made pursuant to a bona fide, reasonable anti-dilution formula. An adjustment in the settlement rate would not be considered made pursuant to such a formula if the adjustment were made to compensate a United States Holder for taxable distributions with respect to the Company’s common stock. Any such deemed distribution generally will be treated as a dividend to a United States Holder to the extent such distribution is paid by the Company out of its current or accumulated earnings and profits (as determined for United States federal income tax purposes). Thus, under certain circumstances, an increase in (or failure to decrease) the settlement rate may give rise to a taxable dividend to United States Holders even though such United States Holders would not receive any cash related thereto.

Ownership and Disposition of the Company’s Common Stock Acquired