Company: SOJE
Filing Date: 2025-11-04
Form Type: 424B2
Source: 0000092122-25-000092
Chunk: 151

Company: SOUTHERN CO
Filing Date: 2025-11-04
Form: 424B2
Chunk 151
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 United States Holder of Corporate Units will be treated as the owner of the applicable ownership interest in the Treasury portfolio constituting a part of such Corporate Units for United States federal income tax purposes.

<div align='center'>S-85</div>

#### Interest Income and Original Issue Discount
The Treasury portfolio will consist of United States Treasury securities (or principal or interest strips thereof). Following a successful optional remarketing of the RSNs, a United States Holder of Corporate Units will be required to treat its pro rata portion of each United States Treasury security in the Treasury portfolio as a bond that was originally issued on the date the collateral agent acquired the relevant United States Treasury securities and that has OID equal to its pro rata portion of the excess of the amounts payable on such United States Treasury securities over the value of the United States Treasury securities at the time the collateral agent acquires them on behalf of such United States Holder of Corporate Units. A United States Holder will be required to include such OID (other than OID on short-term U.S. Treasury securities (as defined below)) in income for United States federal income tax purposes as it accrues on a constant yield to maturity basis, regardless of the United States Holder’s regular method of tax accounting. To the extent that a payment from the Treasury portfolio made in respect of a scheduled interest payment on remarketed or redeemed applicable ownership interests in RSNs exceeds the amount of such OID, such payment will be treated as a return of a United States Holder’s investment in the Treasury portfolio and will not be considered current income for United States federal income tax purposes.

In the case of any United States Treasury security with a maturity of one year or less from the date of its issue (a “short-term U.S. Treasury security”), a United States Holder generally will be required to include OID in income as it accrues only if the United States Holder is an accrual basis taxpayer. If a United States Holder is an accrual basis taxpayer, such United States Holder generally will accrue such OID on a straight-line basis, unless such United States Holder makes an election to accrue such OID on a constant yield to maturity basis. If a United States Holder is a cash method taxpayer, such United States Holder generally will be required to recognize the acquisition discount as ordinary income upon payment on the short-term U.S. Treasury securities. Prospective holders should consult with their own tax advisors regarding the consequences to them of OID or acquisition discount with respect to short-term U.S. Treasury securities.

Tax Basis of the Applicable Ownership Interest in a