Company: SOJE
Filing Date: 2025-11-04
Form Type: 424B2
Source: 0000092122-25-000092
Chunk: 146

Company: SOUTHERN CO
Filing Date: 2025-11-04
Form: 424B2
Chunk 146
---
 United States Holder will recognize gain or loss in an amount equal to the difference between the amount realized by such United States Holder on such disposition of the RSN and such United States Holder’s adjusted tax basis in the applicable ownership interest in the RSN, except to the extent such United States Holder is treated as receiving accrued but unpaid interest, which is taxable as ordinary interest income if not previously included in such United States Holder’s income. Any such gain or loss generally will be capital gain or loss, and will be long-term capital gain or loss if, at the time of such disposition, the United States Holder held such RSN for a period of 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.

#### Treasury Securities
The discussion in this section applies to a United States Holder that holds Treasury Units or Treasury securities.

#### Original Issue Discount
If a United States Holder holds Treasury Units, such United States Holder will be required to treat its ownership interest in the Treasury securities included in a Treasury Unit as an interest in a bond that was originally issued on the date the United States holder acquired the Treasury securities. Any such Treasury securities that are owned or treated as owned by such United States holder will have OID equal to the excess of the amount payable at maturity of such Treasury securities over the purchase price thereof. A United States Holder will be required to include such OID in income on a constant yield to maturity basis over the period between the purchase date of the Treasury securities and the maturity date of the Treasury securities, regardless of the holder’s regular method of tax accounting and in advance of the receipt of cash attributable to such OID. A United States Holder’s adjusted tax basis in the Treasury securities will be increased by the amounts of such OID included in such United States Holder’s gross income.

Sales, Exchanges or Other Taxable Dispositions of Treasury Securities

If a United States Holder obtains the release of Treasury securities by delivering applicable ownership interests in RSNs to the collateral agent, such United States Holder generally will not recognize gain or loss upon such substitution. A United States Holder will recognize gain or loss on a subsequent disposition of the Treasury securities in an amount equal to the difference between the amount realized by such United States Holder on such disposition and the United States Holder’s adjusted tax basis in the Treasury securities. Such gain or loss generally will be capital gain or loss and will be long-term capital gain or loss if the