Company: AX
Filing Date: 2025-09-16
Form Type: 424B5
Source: 0001299709-25-000147
Chunk: 52

Company: Axos Financial, Inc.
Filing Date: 2025-09-16
Form: 424B5
Chunk 52
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 an investor in such entity,

• a person that owns subordinated notes that are a hedge or that are hedged against interest rate risks,

• a person that owns subordinated notes as part of a straddle or conversion transaction for tax purposes,

• a person that purchases or sells subordinated notes as part of a wash sale for tax purposes, or

• a U.S. Holder (as defined below) whose functional currency for tax purposes is not the U.S. dollar.

Furthermore, this summary does not address other U.S. federal tax consequences (e.g., estate or gift tax) or tax consequences arising under the tax laws of any state, locality or non-U.S. jurisdiction. Additionally, this summary does not address any consequences attributable to persons being required to accelerate the recognition of any item of income with respect to the Notes as a result of such income being recognized on an applicable financial statement.

This summary is based on the Internal Revenue Code of 1986, as amended (the “Code”), its legislative history, existing and proposed regulations under the Code, published rulings and court decisions, all as currently in effect. These laws are subject to change or differing interpretations at any time, possibly on a retroactive basis. Any such change or interpretation could affect the accuracy of the statements and conclusions set forth herein. We have not sought, and will not seek any ruling from the Internal Revenue Service, or the IRS, which respect to the statements made and the conclusions reached in this section, and we cannot assure you that the IRS will agree with such statements and conclusions or that the IRS will not assert, or a court would not sustain, a challenge to one or more of the tax consequences described below.

If a partnership (or other entity or arrangement classified as a partnership for U.S. federal income tax purposes) holds the Notes, the U.S. federal income tax treatment of a partner will generally depend on the status of the partner and the activities of the partnership. A partner in a partnership holding the Notes should consult its tax advisor with regard to the U.S. federal income tax treatment of an investment in the Notes.

This discussion of material U.S. federal income tax considerations is for general information only and is not tax advice. Please consult your own tax advisor concerning the consequences of the ownership and disposition of these subordinated notes in your particular circumstances under the Code and the laws of any other taxing jurisdiction.

#### U.S. Holders
This subsection describes the tax consequences to a U.S. Holder. You are a U.S. Holder if you