Company: AX
Filing Date: 2025-09-16
Form Type: 424B5
Source: 0001299709-25-000147
Chunk: 56

Company: Axos Financial, Inc.
Filing Date: 2025-09-16
Form: 424B5
Chunk 56
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 respect to the Note and decreased by any payments (other than payments of qualified stated interest) received by the U.S. Holder on the Note. Capital gain of a non-corporate U.S. Holder is generally taxed at preferential rates where the property is held for more than one year. The deductibility of capital losses is subject to limitations.

#### Additional Tax on Net Investment Income.
U.S. Holders that are individuals, estates or certain trusts are generally subject to a 3.8% tax on the lesser of (1) such U.S. Holder’s “net investment income” (or, in the case of an estate or trust, “undistributed net investment income”) for the relevant taxable year and (2) the excess of such U.S. Holder’s modified adjusted gross income for the taxable year over a certain threshold (which in the case of individuals is between $125,000 and $250,000, depending on the individual’s tax return filing status). A U.S. Holder’s net investment income will generally include any income or gain recognized by such holder with respect to the subordinated notes, unless such income or gain is derived in the ordinary course of the conduct of such U.S. Holder’s trade or business (other than a trade or business that consists of certain passive or trading activities). U.S. Holders that are individuals, estates or trusts should consult their tax advisors on the applicability of this additional tax to their income and gains in respect of their investment in the subordinated notes.

#### Non-U.S. Holders
A Non-U.S. Holder is a beneficial owner of a subordinated note that is not a U.S. Holder and is not a person treated as a partnership for U.S. federal income tax purposes.

#### Payments of Interest
Subject to the discussions below of backup withholding and FATCA, if you are a Non-U.S. Holder of a subordinated note, you generally will not be subject to U.S. federal withholding tax on interest received on the Notes, provided that:

• you are not a bank that acquired the Notes in consideration for an extension of credit made pursuant to a loan agreement entered into the ordinary course of your trade or business,

• you do not actually or constructively own 10% or more of the total combined voting power of all classes of our stock entitled to vote,

• you are not a “controlled foreign corporation” directly or indirectly related to us through stock ownership (actually or constructively),

• you are not engaged in the conduct of a trade or