Company: SOJE
Filing Date: 2025-11-04
Form Type: 424B2
Source: 0000092122-25-000092
Chunk: 143

Company: SOUTHERN CO
Filing Date: 2025-11-04
Form: 424B2
Chunk 143
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N” or “RSNs” (or “Treasury security” or “Treasury securities” or “Treasury portfolio”) is a reference to a beneficial owner’s undivided beneficial interest in the RSNs (or the Treasury securities or the Treasury portfolio). The purchase price of each Corporate Unit will be allocated between the RSNs and the purchase contract in proportion to their respective fair market values at the time of purchase. Such allocation will establish a United States Holder’s initial tax basis in the RSNs and the purchase contract. The Company will report the initial fair market value of the RSNs as $50 ($25 to each RSN in a Corporate Unit) and the initial fair market value of the purchase contract as $0. This allocation will be binding upon a United States Holder (but not the IRS) unless the United States Holder explicitly discloses a contrary position on a statement attached to such United States Holder’s timely filed United States federal income tax return for the taxable year in which the Corporate Unit is acquired. Thus, absent such disclosure, a United States Holder should allocate the purchase price for a Corporate Unit in accordance with the foregoing. The remainder of this discussion assumes that this allocation of the purchase price will be respected for United States federal income tax purposes.

Ownership of RSNs, Treasury Securities or Treasury Portfolio

The Company and, by purchasing Corporate Units, each United States Holder agree to treat the RSNs, the Treasury securities or the applicable ownership interest in the Treasury portfolio constituting a part of the Equity Units as owned separately by such United States Holder for United States federal income tax purposes, and the remainder of this discussion assumes such treatment.

Sale, Exchange or Other Taxable Disposition of the Equity Units

Upon a sale, exchange or other taxable disposition of an Equity Unit (collectively, a “disposition”), a United States Holder will be treated as having sold, exchanged or disposed of each of the purchase contract and its undivided beneficial ownership interest in the RSNs or the Treasury securities or the Treasury portfolio, as the case may be, that constitute such

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Equity Units. The proceeds realized on such disposition will be allocated between the purchase contract and the RSNs or the Treasury securities or the Treasury portfolio, as the case may be, in proportion to their respective fair market values at the time of such disposition. As a result, as to each of the purchase contract and the RSNs or the Treasury securities or the Treasury portfolio,