Reference to the Senior Note Indenture between The Southern Company and Computershare Trust Company, N.A.
Adjustments made to the Conversion Rate for the Series 2023A Notes as per the Supplemental Indenture
Effective Adjustment on September 15, 2025, to the Conversion Rate for the Series 2023A Notes
Conversion Rate Adjustment
Conversion Rate adjusted to 11.9035 shares of Common Stock per $1,000 principal amount of Series 2023A Notes
Dividend Adjustment
Company declared six regular quarterly cash dividends exceeding the Distribution Threshold without requiring a Conversion Rate adjustment
Deferred Adjustments
All previously deferred adjustments to the Conversion Rate must be made on September 15, 2025
- The adjustment to the Conversion Rate will affect the number of Common Stock shares each Series 2023A Note can be converted into
- Shareholders need to be aware of the adjustments to understand the value of their Series 2023A Notes
The notice provides clarity on the adjustments to the Series 2023A Notes' Conversion Rate and the Company's dividend distributions, ensuring transparency for holders.