Company: SOJE
Filing Date: 2025-01-08
Form Type: 424B5
Source: 0000092122-25-000002
Chunk: 27

Company: SOUTHERN CO
Filing Date: 2025-01-08
Form: 424B5
Chunk 27
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 any such Excess Payments are made and vary from the estimated amounts, the United States Holder will be required to recognize appropriate adjustments to such accrued interest income.

If the Series 2025A Junior Subordinated Notes are deemed to be issued with OID at the time of issuance, or at a subsequent time by reason of an actual interest deferral, or are deemed to be contingent payment debt instruments, a beneficial owner’s tax basis in the Series 2025A Junior Subordinated Notes generally will be its initial purchase price (net of accrued interest paid upon purchase), increased by OID previously includible in that beneficial owner’s gross income to the date of disposition, and decreased by payments received by that beneficial owner on the Series 2025A Junior Subordinated Note since and including the date that the Series 2025A Junior Subordinated Notes were deemed to be issued with OID. Unless otherwise indicated, the remainder of this discussion assumes that the Series 2025A Junior Subordinated Notes are not treated as issued with OID and are not contingent payment debt instruments.

If a holder of Series 2025A Junior Subordinated Notes sells its Series 2025A Junior Subordinated Notes before the record date for a payment of interest after the commencement of an Optional Deferral Period, such holder will not receive such interest. Instead, the accrued interest will be paid to the holder of record on the record date regardless of who the holder of record may have been on any other date during the relevant accrual period. Moreover, the accrued OID will be added to such selling holder’s adjusted tax basis in the Series 2025A Junior Subordinated Notes but may not be reflected in the amount such holder realizes on the sale. To the extent the amount realized on a sale is less than a holder’s adjusted tax basis, the holder will recognize a capital loss for United States federal income tax purposes. The deductibility of capital losses is subject to limitations.

#### Non-United States Holders
Subject to the discussion below under “Foreign Account Tax Compliance Act Withholding,” and assuming that the Series 2025A Junior Subordinated Notes will be treated as indebtedness for United States federal income tax purposes, no withholding of United States federal income tax will apply to a payment of interest on a Series 2025A Junior Subordinated Note to a Non-United States Holder under the “Portfolio Interest Exemption,” provided that:

• such payment is not effectively connected with the Non-United States Holder’s conduct of a trade or business in the United States;

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