Company: SOJE
Filing Date: 2025-11-03
Form Type: 424B5
Source: 0000092122-25-000088
Chunk: 147

Company: SOUTHERN CO
Filing Date: 2025-11-03
Form: 424B5
Chunk 147
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 under the Purchase Contract

Any distribution on the Company’s common stock generally will be treated as a dividend to a United States Holder and will be includible in income by a United States Holder when received to the extent such distribution is paid by the

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Company out of its current or accumulated earnings and profits (as determined for United States federal income tax purposes). To the extent the distribution exceeds the Company’s current and accumulated earnings and profits, the excess will be treated first as a tax-free return of capital to the extent of the United States Holder’s adjusted tax basis in the common stock and thereafter as gain from the sale or exchange of that stock that is subject to the tax treatment described below in the next paragraph. Any dividend will be eligible for the dividends-received deduction if the United States Holder is an otherwise qualifying corporate holder that meets the holding period and other requirements for the dividends-received deduction. Certain non-corporate United States Holders, including individuals, who receive dividends are eligible for a reduced rate of taxation if certain holding period and other requirements are satisfied.

Upon a disposition of the Company’s common stock, a United States Holder generally will recognize capital gain or loss equal to the difference between the amount realized and its adjusted tax basis in such common stock. Such gain or loss generally will be long-term capital gain or loss if the United States Holder’s holding period in respect of such common stock is more than one year. 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.

Substitution of Treasury Securities to Create or Recreate Treasury Units

A United States Holder of Corporate Units that delivers Treasury securities to the collateral agent in substitution for applicable ownership interests in the RSNs or the applicable ownership interest in a Treasury portfolio will not recognize gain or loss upon its delivery of such Treasury securities or its receipt of the applicable ownership interest in RSNs or the applicable 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