Southern Company Series 2016A 5.25% Junior Subordinated Notes due October 1, 2076

By: ,

Date Issued   9/15/2016

Shares Issued   32,000,000      Overallotment Shares  None

S&P Rating  BBB     Moodys Rating   Baa3


Security Ticker Symbol   SOJB

Market Traded ON   NYSE

Interest Payment Paid on the 1st of January, April, July and October  beginning on 01/1/2017

Quarterly Interest   .328   Annual Interest   1.3125

Securities may be redeemed, at the issuers option, as early as 10/1/2021 for a redemption price of $25/share plus accrued interest

Interest Payment Will NOT be Qualified Distributions (it is interest-not a dividend)

NOTE–this issue allows issuer to defer interest payments for up to 40 consecutive quarters without it being a default event.

Maturity Date   10/1/2076



Company Investor Relations Page for Southern Company

Click Here to find the offering prospectus and/or final pricing documents


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Tim McPartland
Tim McPartland is a private investor with over 45 years of investing experience. His analysis, research and writing is devoted to the hunt for income producing securities of all types, but in particular specializing in preferred stocks, exchange traded debt and Master Limited Partnerships.
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