Company: SOJE
Filing Date: 2025-02-25
Form Type: 424B5
Source: 0000092122-25-000022
Chunk: 4

Company: SOUTHERN CO
Filing Date: 2025-02-25
Form: 424B5
Chunk 4
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 of the interest. If a holder sells its Series 2025B Junior Subordinated Notes before the record date for the first interest payment after an Optional Deferral Period, the accrued interest will be paid to the holder of record on the record date, and the holder will never receive the cash from the Company related to the accrued interest that was reported for tax purposes. Holders should consult with their own tax advisors regarding the tax consequences of an investment in the Series 2025B Junior Subordinated Notes.

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For more information regarding the tax consequences of purchasing the Series 2025B Junior Subordinated Notes, see “Material United States Federal Income Tax Considerations” in this Prospectus Supplement.

An active trading market for the Series 2025B Junior Subordinated Notes may not develop, and any such market may be illiquid.

The Series 2025B Junior Subordinated Notes constitute a new issue of securities with no established trading market. The Company does not intend to apply to list the Series 2025B Junior Subordinated Notes on any securities exchange. The liquidity of any trading market in the Series 2025B Junior Subordinated Notes which may develop, and the market prices quoted therefor, may be adversely affected by changes in the overall market for this type of security and by changes in the Company’s financial performance or prospects or in the prospects for companies in the Company’s industry generally. As a result, the Company cannot assure holders that an active after-market for the Series 2025B Junior Subordinated Notes will develop or be sustained or that holders of the Series 2025B Junior Subordinated Notes will be able to sell their Series 2025B Junior Subordinated Notes at favorable prices or at all.

Rating agencies may change their practices for rating the Series 2025B Junior Subordinated Notes, which change may affect the market price of the Series 2025B Junior Subordinated Notes. In addition, the Company may redeem the Series 2025B Junior Subordinated Notes if a rating agency makes certain changes in the equity credit methodology for securities such as the Series 2025B Junior Subordinated Notes.

The rating agencies that currently or may in the future publish a rating for the Company, including Moody’s Investors Service, Inc., S&P Global Ratings, a division of S&P Global, Inc. and Fitch Ratings, Inc., may, from time to time in the future, change the way they analyze securities with features similar to the Series 2025B Junior